Popular 4-tank floatation therapy center for sale

Somerville, MA

Seller Financing Available

listing image
Asking Price:$144,000
Rent:$3,500/Month
FF&E:$100,616
Inventory:$1,200
EBITDA:$88,608
Established Year:2014
BUSINESS DESCRIPTION

A float tank is a small shallow pool filled with water nearly saturated with Epsom salt, so it's dense like the Dead Sea. You float completely effortlessly. The tank is kept warm, body temperature, and it's enclosed so it's completely dark and quiet.

It's your own private world. It's utterly relaxing.

See our website at http://floatboston.com/

FLOAT Boston is a four-tank float center. Its operations are currently on hiatus because of owner health issues. It was profitable until suspension of operations.

In the last full year of operations, Seller Discretionary Earnings was $184k.

The center has four sound-proofed float rooms with private showers, on-premises laundry, and a large unfinished storage area. Linens, towels, 3000 lbs of epsom salt, and all necessary tools, cleaning supplies, and float tank maintenance equipment are included.


DETAILED INFORMATION
Location
Somerville, MA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,600
Lease Expiration
31/01/2025
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Reason for Selling
Health issues of current owners

BUSINESS LOCATION
Report an Issue with this listing
Colin Roald
Colin Roald