Singapore

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Listing Id: 31317 Last Refreshed: 01/07/2024 Total Views: 1313

Proftiable Massage Chain Business For Sale

Central AreaSPAsMassage and Foot Reflexology
Asking Price: S$4,500,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner
Eugene Heng Propnex

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  • Overview
  • Reason For Sale
  • Description
  • Property Information
  • Premium Buyer

Overview

  • Premise Type Shopping Mall
  • Premise Size 4306 sqft / 400 sqm
  • Monthly Rental S$40,000
  • Rental Desposit S$120,000
  • Revenue S$450,000
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 53
  • Established 2011
  • Source Broker

Reason For Sale

Retire

Description

Very profitable and established massage chain for Takeover

- Business operating for 12 years
- Monthly revenue of $400k to $500k
- All 3 shops are Cat 1 Licence
- 3 Locations (150sqm, 170sqm and 400sqm)
- Staff Lodging Unit 168sqm
- Total 53 staff including masseurs
- Total Rental Cost $40k per month

Property Information

Renewable
Lease Term
7 to 12 years in existing location
Premises Details
Yes, it can relocate to other place
Relocatable

Premium Buyer

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