UNDER CONTRACT! Profitable Massage School! >$17K/mo. Profit!!

This is a highly profitable, premier massage school located in the posh and upscale neighborhood of Tarrant County, TX. This facility has one-of-a-kind Massage Therapy degree program that provides students with the educational requirements to become a certified massage therapist in Texas and successful in this business anywhere in the world. The school specializes in helping students pass MBLEx (Massage and Bodywork Licensing Examination) which is the biggest hurdle to become a Licensed Massage Therapist. Proper exam preparation is the key to success and this institute provides the most thorough and focused test prep in the massage education industry. The school offers both online and in-person classes. The TDLR (Texas Department of Licensing & Regulation) license of the school is transferable to the new owner for a nominal fee. The new owner doesn’t need to be licensed himself / herself. This school was established in March 2020 by three partners. The business has been highly profitable from the beginning despite COVID-19 pandemic devastating the massage industry in Y2020 and Y2021. The business realized its first revenue in August 2020 during the height of pandemic and still had seller discretionary earnings of >$106K in the last 5 months of 2020. The profitability in 2021 is >$209K. The business is poised to grow even more in 2022 as COVID-19 vaccine is administered to general population and social restrictions are eased further. The 3 owners are selling the business because they have divergent priorities and other ventures that they’d like to focus on. They would like to handover this business to a new and energetic entrepreneur who can take this business to the next level. The business is being offered at 1.4x the cash flow, so this deal won't last long. The buyer is expected to profit handsomely from this deal. Location: Tarrant County, Texas Year Established: 2020 Number of Employees: 4 Real Estate: Leased Building Sq. Ft.: 5,000 Rent: $5,145.84 Per Month Lease Expiration: 8/31/2025 Facilities: This school is housed in a spacious and well-equipped facility located at a prime area of Tarrant County, TX. The facility has a covered area of 5,000 sq. ft. and monthly rent of $5,145.84 (includes NNN). The current lease expires in August 2025 but tenant has an option to extend the lease for two more 5-year terms. A qualified buyer can transfer the lease for a nominal cost of $750. Market Outlook/ Competition: Although there are other massage schools in DFW area, this school has established a great reputation and goodwill among its clients. The school has a steady stream of new students enrolling and so far about 200 students have either graduated or enrolled. This institute has a unique model which is very popular and that is evidenced by its strong financials even during the pandemic. Due to state licensing and regulatory requirements, it's not easy for new entrants to get into this business. Growth & Expansion: This business is expected to grow exponentially under a unified ownership who can focus on the school. A new owner can direct sales and marketing efforts to further increase revenue. New owner can qualify this business for Title IV federal student loans, which can increase the revenue and profit margins tremendously. There is a huge potential for growth in this industry. This business can’t be outsourced overseas due to Texas licensing requirements and in-house training.