Singapore  Singapore

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Listing ID: 2665 Last Refreshed: 07/05/2019 18320 Views

Exclusive Vip Concept Mani Pedi Spa For Takeover @ Tanjong Pagar (800+ Fb Likes)

Asking Price <span class='currency'>S$</span>13,000

Overview

Financial Performance

Annual Figures
Revenue
S$20K - 50K
Gross Profit
S$10K - 20K
Net Profit
S$10K - 20K
Monthly Rentalt
S$1,600

Assets & Working Capital

Stock
S$8,000 Stock and inventory Price Included
FFE
S$13,000 Furniture, fixture & equipment Price Included

Operations & Ownership

Year of Incorporation
4
Owner Role
Investor

Property Information

Premise Status
Rent
Rental Deposit
S$3,200
Premises Details User-entered information
Within a longtime beauty facial spa with
- 2 VIP partitioned pedicure rooms
- 2 manicure tables of 9/10 condition

Operations & Growth

Reason For Sale

NEED TO FOCUS ON PRIMARY CAREER & FAMILY

Description

THE WHAT:

- Exclusive Nail Spa with 2 VIP rooms and 2 manicure tables co-joint with a Facial business owner, hence cross-selling is one of the business's best competitve feature. 85% of facial customers love the concerpt of on-stone-kill-two-birds and have their nails done at the same time.

- Apart from vast range of nail and spa related services, we also offer hair wax removal services.

THE WHY:

- It's VIP closed door concept and relaxing ambience has been well liked by our steady flow of regulars. You will be surprised at the capability of this small business despite being closed concept, how it manages to draw in the lunch and dinner crowd of white collars who frequent the vicinity for lunches and nearby residences.  

- Another selling point of the business is it's minimal outstanding package to service, as the steady flow of revenue comes from regular walk-ins who prefer ala-carte services.

In order to maintain customer confidence and trust in the business and for it to flourish/reach its maximum capacity, self is of the opinion that the buyer should possess at least some manicure and pedicure related experiences in order to catch more new walkins during peak hours (11am to 2pm, 6pm - 8pm), however, it doesn't make commercial sense for the business to incur substantial additional costs to just employ 1 more full-time manicurists just to cater to the peak hour. Hence, this is an excellent opportunity for manicurists who would like to start their own small business, or those who had just graduated from beauty/nail courses and needed learning ground with the support of an experienced, nice natured and helpful manicurist we have at the moment. Even better at a very low takeover and monthly operating costs.

DO NOT LET THIS OPPORTUNITY SLIP AWAY!!

Competition

There are about 6-7 nail shops within the vicinity. Tough competition, however it also goes to show how many potential crowd (esp working class/executives) visits 1 Tanjong Pagar Plaza for their nail & spa pampering sessions. ;)

Expansion Potential

We have only 1 full-timer skilled manicurist & suggest the employment of additional manirists to cater to walkin customers and slowly build new customer base on top of the current regulars.

New owners with relevant skills would be ideal to build up the customer base that we were unable to capture due to manpower shortage

Buyer Support & Terms

Support and Training

Hand holding period to be discussed

Background & Skills

- Excellent stepping stone for entrepreneur (with/without related experiences) who only has a few hours per day to dedicate to this auto-pilot SME.

- Perfect for entrepreneur with relevant experiences (and existing cust base) and would like to upsize their home biz to a shop premise with current dedicated & dependable manicurist.

Seller Financing

Yes, seller financing is available.
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