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Business For Sale. Luxurious Spas Specialising In Spa Rituals, Body Massage, Facial Treatments And Retail

LISTING DETAILS
Firms For Sale ID:
34788
Vendor reference:
CQ197
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£250,000  
Turnover / revenue:
£328,000
Net profit / cashflow:
£146,000
Years established:
2
Trading hours:
Monday Sunday: 10:00 am 8:00 pm.
Number of employees:
7
Employees / staffing:
The spas have a great staff structure known for being knowledgeable and friendly. There are 2 full time management/receptionists, 4 full time therapists, 1 part time therapist and ad hoc self employed therapists for busy periods; all offer a highly personalised customer service.

OTHER DETAILS
Reason for selling:
The vendor has not been able to commit fully to this business due to other business interests and wishes a new owner to take the business on and take it to its true potential.
Support and training:
Full business familiarisation, training and handover will be provided for a period of time to ensure a smooth transfer of the business to new owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The leasehold premises are in great locations and are highly attractive and sophisticated with an inviting atmosphere. The premises are designed and refurbished to a very high standard including a comfortable air conditioned environment. Anyone walking in can feel the ambience and relaxed mood. The premises of circa 700 square feet area per spa, with 2 years remaining on the West End, London lease and 1.5 years on the Bankside lease; each comprises of a reception/retail area, relaxing lounge, 2x treatment rooms, a shower room used for body wraps, a relaxation Suite and WC. Monthly rent and rates are: Spa1: GBP 8,400 +VAT Spa2: GBP 2,100 +VAT
 
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BUSINESS DESCRIPTION
Luxurious Spas specialising in Spa rituals, body massage, facial treatments and retail
2 High Profile International Hotel Locations
Ref. CQ197
Location : London, West End & Bankside
Asking Price : GBP250,000
The first of these attractive, luxury spas was opened 2 years ago by the current owner in one of the most famous international hotel groups locations and this became so successful, so quickly that in early 2017, a second spa was opened in another of the hotel groups locations in Bankside, London.

business offers luxurious high end treatments with a focus on the quality & luxuryof the customer journey; specialising in Spa rituals, facials, body treatments & nail care for both Men and Women. It has an excellent reputation for high quality treatments in a tranquil environment.

While the business now runs from two very established locations in London, it began over 20 years ago as a mobile premium spa, visiting preferred destination locations for demanding clientele in the central London area.

Activities within the business break down into three parts:

1. Mobile spa treatments and therapies
2. London Hotel spa locations
3. Retail of specialist home use spa accessories

The business considers itself to be a relaxed haven in the centre of London, offering the latest techniques in global spa treatments and using the finest products available to the industry. Located in two very high profile International Hotels, the business spas promise top to toe pampering from a team of highly qualified and experienced therapists. Customers can choose from a comprehensive range of highest quality treatments and services from around the world or indulge in one of the carefully crafted packages.

The real power and energy of the spa comes from the attentive and courteous service provided by the staff and the high levels of customer service and satisfaction they generate.

Expansion Potential
There is certainly an increasing consumer demand for spas at all price points with further sustained growth being anticipated in this sector. This business is expected to continue to benefit from Central Londons higher net worth population and the reputation London enjoys with tourist and commercial visitors.

Future growth could be achieved by adding more services and with further investment in marketing and advertising to increase awareness of the Spa to its target audience and beyond its current geographical catchment area and expand into a chain or franchise.

The vendor has other business interests and has been unable to commit the time required to ensure that this business achieves its full potential.

Market / Competition / Non-Competition Agreements
The spas have a very well designed and informative website and performs very well in all of the major search engines for all appropriate search terms.

Other marketing is carried out within the hotel environments.