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Listing ID: 14415
Total Viewed: 3419
Last Refreshed: 14/11/2018

Profitable Luxury Spa For Distress Sale! Rare opportunity to own a spa (Sold)

Bukit Timah, Singapore

Asking Price : S$50,000

Revenue: S$25,000

Cash Flow: S$10,000

Payable: Not Disclosed

Established: 2017

Gross Profit: SGD24,000

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD3,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason To Sell
Personal family reasons
Business 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 Operations
Business Hour:
10.30AM - 10.30PM
Preferred Skills:
Upon to discussion
Supporting and Training:
Upon to discussion
Staff:
Not Disclosed
Property Information
Premise Status:
Rent
Premise Size:
1496sqft
Rental Fee:
SGD8,000
Rental Deposit:
SGD24,000 (included in selling price)
Lease Term:
3
Premises Detai:
Brand new
Other Information
Facilities:
Electric heated massage beds X 5 Electric recline reflexology chairs X 6
Competition:
No competition in the Greenwood area
Expansion Potential:
High potential to duplicate business offering in other areas

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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