Listing Id: 15328
Total Views: 5147
(Sold) ***Rare Cat 1*** Established Massage Business In Singapore For Sale
Bukit Timah
Date Closed: 16/12/2019
Asking Price: S$350,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
-
Premise Type
N/A
-
Premise Size
-
Monthly Rental
S$20,000
-
Rental Desposit
S$0
-
Revenue
S$100,000
-
Liability
S$0***
-
Gross Profit
S$30,000
-
Net Profit
S$10,000
-
Stock
S$5,000***
-
FFE
S$100,000***
-
Payable
S$10,000***
-
Receivable
-
Owner Role
Part Time
-
Staff
20
-
Established
2002
-
Source
Direct Seller
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
Support 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
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
Singapore