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Listing Id: 15328 Last Refreshed: 16/12/2019 5274 Views

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

Closed
Asking Price <span class='currency'>S$</span>350,000
Bukit Timah SPAs Services Businesses
Business For Takeover
This business has been Sold

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

SOLD

Overview

Financial Performance

Monthly Figures
Revenue
S$100,000
Gross Profit
S$30,000
Net Profit
S$10,000
Monthly Rentalt
S$20,000

Business Operations & Assets

Stock
S$5,000 Price Included
FFE
S$100,000 Price Included
Payable
S$10,000 Price Included
Staff
20 Employee
Year of Incorporation
2002
Owner Role
Part Time
Premise Status
Rent
Premises Details
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

Business Details

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

 

Facilities

Fully Equipped Massage rooms with Recliner Chairs
All renovation done up with FSC approval

Expansion Potential

Yes, can be expanded or even franchise depending on the new owner's direction

Buyer Support & Terms

Support and Training

Yes, both support and training will be provided for new owner

Background & Skills

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.
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