Listing Id: 14415
Total Views: 11011
(Sold) Profitable Luxury Spa For Distress Sale! Rare opportunity to own a spa
Bukit Timah
Date Closed: 14/11/2018
Asking Price: S$50,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$8,000
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Rental Desposit
S$24,000***
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Revenue
S$25,000
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Liability
N/A
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Gross Profit
S$24,000
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Net Profit
S$3,000
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
0
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Established
2017
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Source
Direct Seller
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
Support and Training
Upon to discussion
Background & Skills
Property Information
Brand new
Premises Details
Singapore