Spa And Fitness Centre In Bangkok

[SunbeltAsiaAdvisor]

Spa and Fitness Centre

Location: Bangkok

Listing ID# BKK14092

Price: 27,000,000THB

BUSINESS SUMMARY

This Spa and Fitness Centre has already proved successful after little more than a year of trade. Nevertheless, the owner has decided to sanction a sale, due to his desire to concentrate on other projects. The enterprise is located in a large shopping mall in a busy Bangkok suburb. Ample parking spaces are provided and a significant level of membership has been attained due to the high profile location. Monthly rent of 300,000 baht is applicable for large premises that measure roughly 830 square metres, and a large workforce consisting of 40 employees has been hired. Expenses are therefore understandably high, but as annual receipts are totalling around 20,000,000 baht the enterprise is earning annual net profits of approximately 4,000,000 baht.

Because the business is already profitable, the owner feels he has set a very realistic asking price that roughly equates to asset value (20,000,000 baht) plus two times earnings. A well visited website has already been established, and this is included in the sale. Another benefit for the new owner is the nine year lease contract that was recently negotiated as this is transferable and still has over eight years left to run. The owner feels that, as the enterprise is located in a well proven shopping mall that consistently attains high attendance figures, the spa and fitness centre is positioned to succeed for years to come. Asking price: 27,000,000 baht.

[sunbelt][/sunbelt]