Address
City: Somerville
Neighborhood: Magoun Square
State: Massachusetts
Postal Code: 02145
Country: United States
Business facts
Estimated annual revenue~$391.6K
Estimated employees~4
In business since2014
Estimate based on strong signals
Contacts
Area statistics (02145)
Population27,692
Median household income$113,469
Source: US Census ACS
About
Float Boston offers 90 minutes of flotation therapy in Somerville's Magoun Square. The float tank is filled with water saturated with Epsom salt, allowing individuals to effortlessly float in a warm, dark, and quiet environment. This unique experience provides a sense of relaxation and tranquility in a private setting.
📅
Appointment Only
Yes
🚲
Bike Parking
Yes
💳
Credit Cards
American Express, Apple Pay, Cash, Debit Card, Discover, Mastercard, Visa, Yes
🅿️
Parking
Street Parking
💰
Price
$$
🚻
Restroom
Gender Neutral Restroom
♿
Wheelchair Accessible
Parking, Restroom, Yes
Market analysis
Earning above its category median in a growing category (Wellness Center).
EstimateCategory trend: 2024, +6.5%
Revenue trend (modeled)
~$287.2K2019
~$293.5K2020
~$322.0K2021
~$343.5K2022
~$367.2K2023
~$391.6K2024
Modeled from category averages for the region+6.4%/yr since 201980% confidence band: ±59%
Property
Lot size1,890 sq ft
Land use0104
ZoningMR4
CountyMiddlesex
Parcel ownerMEDFORD STREET 515 LLC
Assessed value$1.1M (land $235.6K)
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Wellness Center in Massachusetts | 1,269 | ~$702.1M | ~$553.7K | ~$337.7K | 5.0★ | 1.2× |
Category revenue trend2024: +6.5%2023: +6.7%2022: +6.5%2021: +9.3%Modeled from business-level estimates
Chain pressure854 chains expanding in this category, led by Mgh Cbt, Iddrc, BMC (+20,359 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 284 | ~$229.9M | ~$809.5K | ~$428.3K | 1,100 | ~$85.9M | 0.9× |
| Human health and social work activities | 17 | ~$18.9M | ~$1.1M | — | 83 | — | — |
1 km area (all businesses): median from the 231 of 284 businesses with estimates
Estimate
Area conditions (02145)
Population27,692 ±1,208
Median household income$113,469 ±$6,658
Median home value$784,800
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS