Wellness Spa Facility. Large Client Base. Just Float. Pasadena

Home / Listing / Wellness Spa Facility. Large Client Base. Just Float. Pasadena

Under Contract


BizEx ID:BizEx1406-DH
General Location:Los Angeles, CA
Category: Membership Organizations
Years in Business:6
Under Present Owner:6
Hours of Operation:closed
Owner Hours:
Training:4 weeks @ 30 hours
Organization Type:C-Corp
Lease Expiration:10/24
Lease Options:10 year
Building Size:4750
Reason for Sale:Other Opportunities for Partners


Asking Price:$250,000
Down Payment:Negotiable
Gross Sales:Call
Discretionary Cash Flow:Call
Inventory Included?Yes
Min. Operating Capital:
Real Estate Available?No


The business is now closed and being offered for $250,000.  This was The World's Largest and Most Luxurious Floatation Therapy center located in Pasadena, CA. 

One of a kind, state-of-the-art, 21st-century luxury wellness center is priced aggressively for less than a quarter of the original buildout cost!

The facility is immaculate and the equipment is well maintained.  There are 10 individual float rooms with private showers and changing areas.  No renovation or upgrade investments necessary for immediate future.  Tours can be arranged.  Past financials can be analyzed.  

They had over 300 members, and were profitable but covid and partner issues were too much to overcome.  

Revenue History was:

2019. $1,171,000

2020. $515,000

2021. $647,000

2022.  $681,000

Utilization rate was only 30%.  Increases in utilization increase profit margins exponentially as variable costs are very low for each new float.  

Floatation Therapy is being used by most professional sports teams and is growing in popularity.  Insurance coverage like that for massage, acupuncture, or gym memberships is expected industry-wide to cover it within several years.   

Offers will need to be all up front cash and close by 9/1/23.  

For more information, please complete the  Buyer Registration  at  BizEx.net.

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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

Dan Higgins
Marketing Consultant
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809

Eric Mellem
Business Broker/ M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations