Jump to content

Upscale Day Spa


Recommended Posts

Upscale Day Spa

Location: Bangkok

Listing ID# BKK13754

Price: 5,500,000THB

BUSINESS SUMMARY

The owner of this chain of spas has recently found that managing three separate enterprises has become too taxing, especially as she has recently had a new baby. The flagship day spa endeavour is therefore being offered up for new ownership. A high profile location next to one of Bangkok’s main Skytrain stations was chosen for the venture around eight years ago (a Metro station is also just a short walk away). Monthly rent was negotiated at 380,000 baht for large five storey premises measuring 1,500 square metres, and a large workforce numbering some 45 employees (most working on a part time basis, and paid on commission) was comprehensively trained. The lease is not due to expire until 2013, and can be renewed until 2019. Recent financial results have been very positive, with gross sales rising by around 2,000,000 baht each year to the stage where 12,000,000 baht was taken in during 2008. Net profits have risen accordingly, with proceeds of 1,000,000 baht in 2006 rising to 1,500,000 baht in 2007 and 3,000,000 baht in 2008. Three of the floors can be further developed by introducing a spa concept with yoga and suites for the exclusive use of spa members. A restaurant on the top floor providing fruit, juices and salads, served in an al fresco terrace setting, is also envisaged. Assets valued at 1,000,000 baht are included in the sale.Asking price: 5,500,000 baht.

sunbelt.jpg

www.sunbeltlegaladvisors.com

26th Floor Fortune Town BR, 1 Ratchadapisek Rd, 10400 Bangkok

Tel: 02-642-0213 Fax: 02-641-1995

Follow us on:

facebook.png twitter.png

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...