Profitable Day Spa In The Philippines Metro Manila For Sale

Business description

Profitable with over 1000 client base. Asking price is P1.850 million inclusive of steam/shower facilities, inventory, supplies, staff support amongst others. Excellent location - near villages, condominiums, hotels, offices, shopping centers and schools. Perfect investment for foreigners - those who wish to retire in the Philippines and at the same time start a small business.

Property information

Real Estate:

Lease

Lease terms:

yearly contract, renewable. rental fee inclusive of association dues.

Leasehold rent:

$upon request per annum

Living accommodation:

Accomodation provided for stay-in therapists. Can accomodate over 9 therapists at a single time.

Location:

Near CBD area - beside villages, condominiums, offices, shopping centers, and schools.

Premises details:

High End location. Prime property. Currently has the cheapest leased property in the area - because of long term partnership with building owners.

Size in square feet:

150 sqm. excluding common area

Other information

Expansion potential:

Has over 1000 client base which includes local celebrities, and other foreign nationals (expats). Fastest means of expansion via franchising. Has been approached by numerous investors to offer franchise setup already.

Planning consent:

n/a

Competition / Market:

Location is characterized by numerous health and wellness providers such as salons, nail spas, massage place, gyms, and clinics.

Support & training:

1 month training provided for the therapists (to be sourced and employed directly by prospective buyer) - will train them on towel etiquette, massage techniques, public relations, and operations.

Reasons for selling:

Expansion to resort, hotel services.

Trading hours:

12 pm - 1 am, mondays to sundays, including holidays.

Financing available:

P25,000 - nonrefundable reservation fee. (before discussing confidential details of the business - will require prospective buyer to sign a confidentiality agreement)
50% of asking price - upon signing of contract.
balance - upon turnover of business.

Current Asking price = P1.850 million equivalent to US$40,220.