Singapore  Singapore

Sell a Business

Listing ID: 14415 Last Refreshed: 26/05/2019 Total Views: 9859

Profitable Luxury Spa For Distress Sale! Rare opportunity to own a spa

Bukit Timah

Asking Price: S$50,000
  • Premise Type N/A Premise Size 1496sqft
  • Monthly Rental S$8,000 Rental Desposit S$24,000***
  • Revenue S$25,000 Cash Flow S$10,000
  • Gross Profit S$24,000 Net Profit S$3,000
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2017
  • Owner Role Full Time Staff 0
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
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Reason For Sale

Personal family reasons

Description

Luxury spa located in Greenwood, off Bukit Timah. Well established and popular among clientele (>4.5 reviews on various platforms)


Profitable and highly cash flow positive due to membership packages.


No competition in area - large captive residential market within 1KM.


No marketing done to date providing upside potential and comes with established electronic customer database.


Highly affluent clientele. Located near to Tan Kah Kee MRT.


Fully staffed with certified therapists. Cat I license and CaseTrust licensing completed.


Selling for personal reasons at fire sale price. >SGD 200k invested to date, asking for only SGD 50k        

Business Operation

10.30AM - 10.30PM
Business Hour
Electric heated massage beds X 5 Electric recline reflexology chairs X 6
Facilities
No competition in the Greenwood area
Competition
High potential to duplicate business offering in other areas
Expansion Potential
Upon to discussion
Supporting and Training
Upon to discussion
Background & Skills

Property Information

Rent
Premise Status
3
Lease Term
Brand new
Premises Details

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