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Listing Id: 4371 Total Views: 12229

(Sold) Nail Spa Business For Sale (Tampines Central)

Ang Mo Kio

Date Closed: 29/03/2018

Asking Price: S$35,000

Overview

  • Premise Type N/A
  • Premise Size
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • 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 N/A
  • Established N/A
  • Source Broker

Reason For Sale

Other commitments

Description

Nail Spa biz for sale -
πŸ’½ In a shopping mall @ Tampines Central

πŸ’½ Established in 2000

πŸ’½ Franchise about 3.5 years ago
πŸ‘‰πŸΌ 2 year yearly agreement
πŸ‘‰πŸΌ 6% franchise royalty
πŸ‘‰πŸΌ franchise agreement ends in May 2018
πŸ‘‰πŸΌ up to new biz owner whether to renew the franchise agreement

πŸ’½ Shop rental about $6,500
(inclusive of GST) + 0.8% GTO

πŸ’½ Shop about 302sf

πŸ’½ Chairs :
πŸ‘‰πŸΌ 3 pedicure chairs
πŸ‘‰πŸΌ 3 manicure chairs

πŸ’½ Estimated monthly nett profit :
πŸ‘‰πŸΌ $12-$13K (2015)
πŸ‘‰πŸΌ $10K (2016)
πŸ‘‰πŸΌ $$7K (2017)

πŸ’½ Packages :
πŸ‘‰πŸΌ most within 6 months
πŸ‘‰πŸΌ usually in sessions - about 6 - 12 sessions
πŸ‘‰πŸΌ about $400 -$800

πŸ’½ Purely nail spa

πŸ’½ Full time staff :
πŸ‘‰πŸΌ 4
πŸ‘‰πŸΌ 1 Singaporean
πŸ‘‰πŸΌ 3 Malaysians
(work permit)

πŸ’½ Owner’s involvement in biz :
Very minimal

πŸ’½ Reason for selling :
πŸ‘‰πŸΌ partnership separate

πŸ’½ Asking $35K negotiable
πŸ‘‰πŸΌ Not inclusive of rental deposit (About $20K)

Pls contact/sms/what’s app :Peter Wan@ 91000070

Thank you & blessed day
Peter Wan
Dream Centre

Property Information

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