Singapore Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
This profitable wellness studio was established 1 year ago with hundreds of loyal customers.
Service
The spa provides treatment such as skin-rejuvenation, massage, foot reflexology and more. The therapist are well trained in special techniques for their massages from traditional to Balinese techniques depending on the type of service. Customers love the services for the use of healthy products such as botanical oil with no chemicals added, during their massages and spa treatments.
Location
East coast. It is convenient with lots of parking lots around the area. Famous restaurants, cafes, shops, tuition centres and private properties are all within close vicinity. It is a place with daily crowds, yet it provides provide customer with a tranquil retreat from the hustle and bustle of the city.
Tastefully renovated for pampering experience.
The spa interior invokes a peace, quiet, and serene ambience. The owner takes comfort into consideration to make sure every customer gets total relaxation. It has a nice reception area and an open area for foot reflexology and 2 beds for massage.
Well Managed
The business is running by itself with well-trained therapist. The current owner treated this Spa as passive investment where she does not run daily operations. New owner can easily manage this business and treat it as ‘cash cow’ for passive income.
Good Branding and Marketing
The Spa was featured on Tripadvisor, Fave, Qoo10, Insing, excellent Google reviews and many more.
Industry Outlook
“The spa industry is an important part of Singapore’s health and wellness sector and is one of the few businesses to have demonstrated resilience during the economic crisis. Singapore’s spa industry is reported to be valued at S$140 million a year and this figure is growing year-on-year.
Spa-goers are loosening their purse strings and are spending thousands of dollars on exotic treatments and multiple-treatment packages. Singapore’s spa market not only caters to women but is also seeing a rise in the number of men who are willing to pamper themselves with luxurious treatments.” - guidemesingapore
Reason to Sell
The owner is moving overseas with family. The current owner is also ready to spend a period with new owner to properly handover the business.
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