Spa & Restaurant In Bangkok

[SunbeltAsiaAdvisor]

Spa & Restaurant

Location: Bangkok

Listing ID# BKK14191

Price: 4,700,000THB

BUSINESS SUMMARY

An opportunity has become available to acquire a high end spa and restaurant business in a prime Sathorn location. The owner renovated and furnished the business location from scratch in 2010. However, due to a change in personal circumstances the owner is relocating overseas in the near future and wishes to sell this business prior to his departure. An investment of 10,000,000 Baht was made on furniture, equipment and renovation work in 2010 when the 4 storey stand alone building was converted into a luxury spa and restaurant. The spa currently offers a range of treatments including traditional Thai massage, Jinsaeng facial treatments, aromatic massage, Swedish massage, Indian head massage treatment and others. The total floor space equates to 1,296 square meters, and under the current layout a restaurant and reception area is located on the ground floor, with the other 3 floors being used as spa treatment rooms. A large car park with 30 spaces is exclusively owned by the business and in recent months the owner has leased these parking spaces on a daily basis due to the demand from office workers located nearby.

There are currently 20 full-time staff in place, with approximately 5 staff employed on a part-time basis. Full-time employees include the receptionist, cook, housekeeper and a Manager who has been installed to oversee the day-to-day running of the business. Monthly salaries total 100,000 Baht for the full-time employees; however there are also a number of massage therapists who are employed on a commission only basis. There is excellent potential due to the size of the location, with the possibility of expanding the ground floor restaurant, opening a bar in the garden behind the building or even changing the business concept altogether. The current owner feels that marketing has been a weakness and believes that there is a great deal of potential to increase sales, particularly for the restaurant, through a more concentrated marketing effort. Due to the large size of the premises, the monthly rent is 250,000 Baht and a 3+3 year lease is offered by the Landlord. Sales currently average 400,000 Baht per month but the business has not realised its full potential as there is sufficient space to operate a large scale restaurant, a bar and even a guesthouse with the private parking facilities on hand. An exciting business opportunity lies in wait for a suitable entrepreneur. Asking Price: 4,700,000 Baht

[sunbelt][/sunbelt]