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Listing Id: 14415 Last Refreshed: 26/05/2019 11134 Views

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

Closed
Asking Price <span class='currency'>S$</span>50,000
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$25,000
Gross Profit
S$24,000
Net Profit
S$3,000
Monthly Rentalt
S$8,000

Business Operations & Assets

Year of Incorporation
2017
Owner Role
Full Time
Premise Status
Rent
Rental Deposit
S$24,000 Price Included
Premises Details
Brand new

Business Details

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        

Facilities

Electric heated massage beds X 5
Electric recline reflexology chairs X 6

Competition

No competition in the Greenwood area

Expansion Potential

High potential to duplicate business offering in other areas

Buyer Support & Terms

Support and Training

Upon to discussion

Background & Skills

Upon to discussion
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