Day Spa In Eastern Suburbs In Sydney For Sale

Business description

A well known and well established day spa - 16 years in same location- which is an “icon” in Sydney and situated in a prime position in a “trendy” city fringe area in the Eastern Suburbs with an upmarket demographic and catering for “mind, body and soul”.
This business is professionally run by a manager with an excellent and experienced team of well qualified staff plus state of the art computerised systems. It includes the following :
• Excellent location in trendy upmarket demographic area. On-site client parking available.
• An excellent reputation which has been established over 16 years and which caters for the “mind, body and soul”.
• 7 well presented treatment rooms and a relaxing ambiance, perfectly suited for it's mostly mid to high-end target demographic(including some of Hollywood’s most famous).
• Stockists of well-known and branded products.
• Little competition in affluent area
• Regular and loyal clients; database of over 40,000.
The spa is fully equipped with professional skincare equipment.
A new owner will be walking into a proven operation with established procedures and policies and be supported by an experienced and highly dedicated team.

Property information

Real Estate:

Lease

Lease terms:

4 year lease commenced November 2010. The business has traditionally renewed the lease every 3 to 4 years for the past 16 years.

Leasehold rent:

$114,000 per annum

Location:

Excellent location in trendy upmarket demographic area in a fringe area of the Eastern Suburbs. On-site client parking is available.

Premises details:

The size of the premises is approx.190m2 over 2 floors. The ground level hosts the entrance and reception area with custom-built built-in displays for all the retail products being sold. This leads into the rear area with 2 good-sized beauty rooms with hot and cold running water, 1 with a shower facility.
The 1st floor contains an additional 6 rooms used as massage and beauty rooms, a couples massage room, a multi-functional Group room used for mani-pedi parties, treatment conferences and corporate bonding sessions, a spray tan room with shower as well as a couples spa bath and shower room.
There is also a separate kitchen prep room for the use of staff and an outside balcony, which staff utilise during their breaks.
The administration office is also upstairs and is more than adequate to house the administrative files, computers and printers.
Back to base alarm system is in place and the premises are well secured with security screens, locks and intercoms.
All rooms are fully equipped with the appropriate equipment for massages, facials, manicures and pedicures, hot towels, warming rods for towels, music, etc.

Business Operation

Expansion potential:

An owner/operator should be able to inject renewed enthusiusm and marketing efforts into this business.

Competition / Market:

No direct competition in thye immediate vicinity that offers the range of services of this business.

Reasons for selling:

The owner wishes to relocate to the USA

Trading hours:

Monday to Friday: 9am - 9pm
Saturday: 8am - 8pm
Sunday: 10am - 7pm

Employees:

10

Years established:

16

Other information

Support & training:

The spa is run under management but the owner is available to assist in a handover arrangement.

Furniture / Fixtures value:

$43,000 (included in the asking price)

Inventory / Stock value:

$40,000