Singapore  Singapore

Sell a Business

Listing ID: 15243 Last Refreshed: 27/05/2019 Total Views: 3854

Thai Spa Business @$100K!!

Central Area

Asking Price: S$100,000
  • Premise Type N/A Premise Size N/A
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established N/A
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Peter Wan Dream Centre Business Brokerage Pte Ltd
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Reason For Sale

Owner to focus on other business

Description

Thai Spa biz @ Orchard area for sale 

πŸ’½ Established around 2004

πŸ’½ Biz outlet :

πŸ‘‰πŸΌ Approx 1,250sf

πŸ‘‰πŸΌ monthly rental about  $11,700 (include GST)

πŸ‘‰πŸΌ Balance lease about 2 years plus

πŸ‘‰πŸΌ Renovated about 8 months ago @ around $130K

πŸ’½ Revenue :

πŸ‘‰πŸΌ yearly gross revenue  around $450K revenue

πŸ‘‰πŸΌ Nett profit 10% ($40K) - 2018

πŸ‘‰πŸΌ Nett profit 25% ($90K) - 2017

πŸ’½ Yearly expenses about $360K

πŸ’½Awards :

πŸ‘‰πŸΌ CLEO Body Spa Awards - April 2019

πŸ‘‰πŸΌ Category : Best Foot Massage

πŸ‘‰πŸΌ Category : Best Re-Energising Massage Treatment

πŸ’½ No director fee

πŸ’½ 2 directors

πŸ’½ 1 of the directors involved in biz 

πŸ’½ Staff :

πŸ‘‰πŸΌ 4 locals

πŸ‘‰πŸΌ 4 foreigners

πŸ‘‰πŸΌ 2 WP, 2 SP, 1 part time cleaner

πŸ’½ Biz operation hours :

πŸ‘‰πŸΌ 11am to 10pm daily

πŸ’½ Reason for selling :

πŸ‘‰πŸΌ 1 sleeping partner leaving for overseas & another partner having new project in May. 

Thus need to focus on new project.

πŸ‘‰πŸΌ Also no intention to spend on marketing which is needed.

πŸ’½ Selling price $100K (inclusive of retail deposit - about $30K) negotiable 


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