Spa

Spa

Location: Bangkok

Listing ID# BKK14057

3,000,000THB

BUSINESS SUMMARY

This Bangkok Spa is located in the lower Sukhumvit area of the city, where it has operated successfully for over four years. The spa sits in a 230 square metre property that incurs monthly rent of 80,000 baht. Although the current lease expires in December 2010 a new nine year lease (three years with two renewal options) will then be made available to sign. Featuring five Thai massage rooms, five aroma massage rooms and three spa suites for full treatments and packages, the business is run by 10 full time employees working on a commission basis.

Assets worth around 1,000,000 baht will be included in the sale. The owner is the same owner as listing BKK14056, and is also offloading this spa for the same reasons; she has four spas and is finding it difficult to manage them all to her satisfaction. Offers to acquire both spas as a package will be welcomed. Annual receipts totalled approximately 2,750,000 baht in 2009, and net profits of roughly 1,000,000 baht were earned after all overheads were deducted. Asking price: 3,000,000 baht.

[sunbelt][/sunbelt]