Massage and solar studios with two establishments in Vysočina

Vysočina region, Czechia

listing nr.: 220030

Photo is illustrative
Valuation 327 000 € (8 000 000 CZK)
Net debtNet debt is an indicator of a company's indebtedness. It is expressed as the amount of the interest-bearing loan minus the cash in the company.
0 €
Revenues Revenues express the total annual volume of the company's performance, which the company obtained through the sale of goods and services during the accounting period.
498 000 €
HistoryDuration of business operation.
16 years
EBITDA EBITDA is a financial indicator of the company's operational performance. Annual EBITDA is expressed as earnings before interest, taxes and depreciation in a given year.
96 000 €
EmployeesThe number of employees employed in the company on a permanent employment contract as of the date of publication of the offer.
14

Basic information

The subject of sale are two establishments in Vysočina, dealing with services in the field of high-quality Thai massages with the possibility of visiting a solar studio. Both studios are very well established, they have been on the market for more than 11 years and during this time they have built a very good name in their field and a steady clientele. The studios are operated under s.r.o., which also has other activities, so the object of sale would just be the business including both operations, or only one of them,

The company places great emphasis on the quality of its services, which is reflected in customer satisfaction. Clients can choose from more than 15 types of massages provided by certified Thai masseuses. All services take place in a pleasant environment with an oriental touch.

The company currently employs 14 employees. There are 2 receptionists at both branches and a total of 9 foreign masseuses. Everything is overseen by the manager who is in charge of both branches. The owner does not take part in the running of the business plant, he only performs control activities taking up about 1 hour a week.

Both branches of the company are in larger cities in the Vysočina region. They are located in a pleasant, lucrative and accessible location near the city center with the possibility of parking. The first branch is for rent in premises with a size of 606 m2 for 46,000 CZK per month. The second branch is privately owned in premises with a size of 200 m2, after the sale it will remain under lease with the current owner.

Branch 1 + Branch 2 + eshop:

  • Sales:
    • 2019: 6.4 million CZK + 3.9 million CZK
    • 2020: 4.3 million CZK + 2.7 million CZK + 0.4 million CZK
    • 2021: 4.1 million CZK+ 2.8 million CZK + 0.7 million CZK
    • 2022: 7.0 million CZK + + 4.0 million CZK + 1.2 million CZK
  • Profit: 
    • 2019: 1,400 thousand CZK + 1,200 thousand CZK
    • 2020: 181 thousand CZK + 122 thousand CZK
    • 2021: 75 thousand CZK + 1 thousand CZK
    • 2022: 1,250 thousand CZK + 610 thousand CZK

The company overcame minor problems during the corona crisis, which was reflected in the reported profit from 2020 and 2021. Allocations in the amount of approx. 500,000 CZK, in which the costs of the entire company are budgeted, allocated to individual studios. After the sale, however, these costs will not be part of the business plant, so the real profit is 250,000 CZK higher every year/operator.

The company survived the corona crisis relatively successfully and in 2022 it should return to the economic results from the pre-crisis years. It is also necessary to add that almost 50% of sales and profit are realized at the end of the year, in November and December, due to increased sales of vouchers.

Overview of the company’s financial results

More information

Tangible property

  • operational equipment = 1.2 mil. CZK
  • solarium = 1.5 mil. CZK
  • inventories worth CZK 100,000

Intangible assets

  • client database
  • supplier relations
  • professional and trained work team
  • established name
  • website
  • know-how

Real estate in property

  • operator 2:
    • area: 200 m²
    • not subject to sale
    • will be available for rent

Rentals

  • Operator 1:
    • area: approx. 606 m²
    • rent amount: 46 thousand CZK per month

Employees

  • number of employees: 14

Indebtedness

  • none

Total annual sales

  • 2018: 7.8 million CZK
  • 2019: 10.3 million CZK
  • 2020: 7.4 million CZK
  • 2021: 7.6 million CZK
  • 2022: 12.2 million CZK

(sum of sales of both operations and e-shop sales)

Operating profit

  • 2018: 1.79 million CZK
  • 2019: 2.97 million CZK
  • 2020: 803 thousand CZK
  • 2021: 576 thousand CZK
  • 2022: 2.35 million CZK

(that is net operating profit EBITDA before deducting overhead costs allocated to operations – CZK 250,000/operation/year)

Other information

  • Length of operation: 11 and 14 years
  • Reason for sale: the owner wants to focus on the main part of his business
  • Legal form: s.r.o.
  • Subject of sale: commercial plant
I am interested

Ing. Tomáš Šuverík

managing director

+420 731 788 155
suverik@inbase.cz

If you are interested, contact us!

We will be happy to provide you with more detailed information after signing a non-disclosure agreement (NDA).