Thriving Midtown Manhattan Wellness Center with Growth Potential

One unique location with diverse Services, yoga studio and event space

This 9 year old unique and thriving wellness center has a strong track record of success and a prime AAA location. Seller is ready to move on to other projects but would be willing to stay on for some time if desired. This is a fantastic opportunity for a new owner to step into a well-established and growing business.

Key Features and Services

1. Diverse Wellness Services: Offers an extensive range of services, including:
• Floatation therapy (sensory deprivation tanks, zero gravity dry floats)
• Cold water therapy (cold plunges and steam rooms)
• Sauna and salt caves (infrared saunas, Himalayan salt caves)
• Bodywork and facials (various massage therapies, holistic facials)
• Acupuncture and cupping
• Yoga and meditation classes in a stunning glass atrium with Midtown views

2. Event Space: The center is not only a wellness destination but also a sought-after venue for events, wellness experiences, and celebrations, adding another revenue stream.

3. Modern Facilities: Occupying the top two floors and part of the basement of a Midtown building, the facility is equipped with state-of-the-art equipment purchased within the last two years. This includes specialized floatation tanks, saunas, and more.

4. Experienced Staff: The team consists of 6 part-time front desk staff, 3 massage therapists, 2 acupuncturists, and a team of yoga and meditation instructors, ensuring high-quality service delivery.

Growth Potential
This center has significant potential for growth and expansion including:

New Services: The planned introduction of nutritional IV and psychedelic medicine treatments, positions the center to attract a new segment of customers and increase revenue.
Customer Base: Strong customer retention and a growing customer base, as evidenced by detailed cohort analyses and customer sales reports, indicate a healthy and expanding business.
Marketing Presence: The center has a strong presence on social media platforms like Instagram and TikTok, which drives brand awareness and customer engagement.

Financial Overview

2024 Profit and Loss: The center has generated a total income of $240,025.60 as of end of May 2024, with services, classes, workshops, and room rentals contributing to the revenue. Despite the challenging market conditions, the center has managed to maintain robust service sales.
Balance Sheet: As of May 2024, the business has a strong asset base, including modern equipment and leasehold improvements.

Competitive Advantage

This center is a mainstay of the community with thousands of clients and stands out from other wellness centers in NYC due to its comprehensive service offerings in one location, combined with the unique event space feature. The strategic location in Midtown Manhattan and the well-maintained, modern facilities further enhance its appeal.

Conclusion

This is a promising business with multiple revenue streams, strong customer retention, and significant growth potential. Its unique blend of wellness services and event space makes it an attractive acquisition target for investors looking to enter or expand in the wellness industry.