Singapore

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Listing ID: 15328 Last Refreshed: 07/05/2019 Total Views: 2485

***Rare Cat 1*** Established Massage Business In Singapore For Sale

Bukit Timah

Asking Price: S$350,000
***Rare Cat 1*** Established Massage Business In Singapore For Sale
  • Premise Type N/A Premise Size 100sqm
  • Monthly Rental S$20,000 Rental Desposit S$0
  • Revenue S$100,000 Cash Flow N/A
  • Gross Profit S$30,000 Net Profit S$10,000
  • Stock S$5,000*** Liability S$0***
  • Payable S$10,000*** Receivable
  • FFE S$100,000*** Established 2002
  • Owner Role Part Time Staff 20
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
John Hong
Email Owner

Reason For Sale

Owner is retiring

Description

- Fully fitted and renovated massage centres in district 10 Singapore.

- 4 outlets in total

- Well established with more than 10,000 customers base

- Rare Category 1 licensing (allows you to employ foreigners)

- A Team of experienced staff, centres operate on auto-pilot mode

- Casetrust accredited

- Average monthly revenue of $100,000

- Average month net profit of $10,000

- Rental $20,000 monthly

 

Business Operation

11am to 9pm daily including PH
Business Hour
Fully Equipped Massage rooms with Recliner Chairs All renovation done up with FSC approval
Facilities
Yes, can be expanded or even franchise depending on the new owner's direction
Expansion Potential
Yes, both support and training will be provided for new owner
Supporting and Training
Preferred new owner to be familiar in the same industry. Otherwise zero knowledge is possible also as minimal work is require for owner's role.
Background & Skills

Property Information

Rent
Premise Status
2 years
Lease Term
Premise size is estimated as we have a total of 4 outlets. Rental fee of $20,000 is total for 4 outlets. Rental deposit will be zero as it is not inclusive in the selling price Lease term is between 1-2 years remaining for all 4 outlets
Premises Details
Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base
Email Owner
Your Name*
Mobile Number*
Email*
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