Hot Listing
Established Business in Growing Industry
Business Description
We are franchisees in a 10+ year old system. We have owned as many as 6 locations. Overall, we have done well in this system, however, we are absentee owners and we lost the leadership in this region. The health and wellness industry has been exponentially growing since the pandemic and this franchise has been working to capitalize on the success of self-care and the importance of physical and mental health. This is being sold as a turn-key business. All of the equipment, furniture, and inventory come with it. Recently the franchise has approved the addition of more services - Cold plunge, Red light therapy and infra-red sauna - which will take this business to the next level! We do not live in TN and we simply do not have the time to grow this business in the way an owner/operator could. We need to move on and our loss is your gain. You can enter this business at approximately 6x less than the cost to build new.
About the Business
- Years in Operation
- 7
- Number of Employees
- 3
- Franchise
- This business is an established franchise
- Facilities & Assets
- The majority of the equipment is 4 salt water float pods each with its own individual filtration system. Additionally there is furniture throughout the spa and all necessary electronic equipment and software to run the business. All inventory remains with the buyer at no additional cost.
- Website
- https://truerest.com/
- Market Outlook / Competition
- Competition is limited in the floating industry and the market continues to grow. The brand is now expanding services to include cold plunge, red light therapy and infrared saunas and the land lord has approved these services for this location.
- Opportunities for Growth
- Expansion possibilities include the new services that will certainly attract new clients. There is also the potential to add more locations through the metro Nashville area. The membership base is currently around 150 members and for anyone who lives in the area or has the ability to market and establish grass roots and business to business connections, the ceiling is very high at this location.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,812
- Rent
- $7,886.00 per month
- Lease Expiration
- 4/30/2028
About the Sale
- Seller Motivation
- We are not local, we do not know this community well and we do not have the capa
- Transition Support
- We would be able to offer shadow shifts where you could come in and follow our staff and management. After closing, we can offer 5 days of hands on support from current management. There is extensive training online through the franchise and there are people at corporate designated to help with new owners, new management and continuous training and follow up.
Listing Info
- ID
- 2368773
- Listing Views
- 1461
Business Location
Listing ID: 2368773 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
