Korean Wellness Health Spa - Korean Wellness Spa - Prime location Lower North Shore - W1980

Korean Wellness Health Spa - Lower North Shore - Agent SBX Code Number: W1980

Korean style wellness spa for ladies. Their specialty is the Korean body scrub which is more effective than salt scrubs and involves spending some time in the saunas, steam room and bath at a comfortable 30-40 degrees prior to getting treatment. Also provides a range of other services such as massage, full body treatments, facials and weight loss and body contouring. Bookings are essential. Warm welcome by the front staff every time with a detailed explanation of the procedure and also confirmation of the treatment.

Potential
Owner couple or partnership could operate with higher income. Do more internet promotion and flyers.

Features
Prime location close to major shopping centre - Spacious and very attractive interior fittings..

Premises
This business has an area of 200sqm

Location
Situated in a retail area amongst shops in the Lower North Shore.

Trading Hours
6 days - Tuesday to Sunday 1000 am to 700 pm

Lease
3 year lease from March 2025 + 3 yrs option - Bond 3 months- Rent increases by 4% per year.

Employees
2 staff - ( 4 professional staff who share a percentage of treatment takings with owner are not included in figures)

Comments
Business price is not based on sales but fit out cost of Interior + inventory. Huge potential business. Owner has 5 businesses similar in Sydney and is over 70 yrs old, trying to sell all and retire. - Lots of potential. Motivated vendor - A must inspection

Figures
Weekly Sales $6712
Rent (ex GST) $2500
Wages $1500
Profit $2102

Agent SBX Code Number: W1980 - SBX Business Brokers

For more details, please email broker or call agents.