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
Post Business For Sale Post Business Wanted Post Franchise For Sale Join Premium Member

Reason For Sale

Owner to focus on other business


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 

Property Information

Premise Status

Just a moment... we are processing the request