Summary
This is your opportunity to own the most prestigious, well known day spa on the Sunshine Coast. With a highly unique concept and a massive following, this brand is destined to do big things.
Revenue
$3,400,000 pa
Location Details
A beautiful waterfront location with stunning views and an incredible brand new custom fitout right in the heart of Mooloolaba, the tourist capital of the Sunshine Coast.
Potential
This business has grown from $942,000 year 1, to $2,620,000 year 2 and now doing $300,000 a month in sales on track to reach $3,400,000 this year. There is still plenty of growth left. We have only just added events to the business and we are only open 5 days a week. With the addition of night time trade and 7 day trading schedule the business has massive upside. The current owners do not work in the business at all, meaning new owners could easily reduce overheads and add massive value by being hands on if they so desired.
Skills
You do not require any skills at all to run this business as it is a turn-key situation, completely managed by staff and with systems and processes already in place. The current owners do not visit the business at all (Maybe a total of 3 days a year). The staff and management team are all solid and continuing. If new owners had hospitality or day spa experience there is the opportunity to reduce costs by working in the business or to increase trade by opening longer hours.
Hours
The business is currently open thursday - Monday 9am - 5:30pm but has the ability to trade every day and every night.
Lease
There is a secure leave in place with options and the building is custom designed and newly fitted for the business
Employees
There are roughly 20 staff in total, many of which are casual meaning the business expenses remain agile to combat quite times. There is a strong full time and part time crew that ensure the business runs smoothly and professionally.
Reason for Sale
The business is being sold to allow the owners to open next locations as it is the owners vision to open multiple venues around the country. Owners are happy to stay in the business in a partnership arrangement for the right candidate. Owners are also willing to entertain interest from existing industry brands that are looking to absorb the brand into a bigger portfolio of wellness businesses. Owners prefer to focus their time on opening locations, branding and growth opportunities.
About the Business
For a full description of the business please reach out.
This is a young business that has launched into the Sunshine Coast wellness scene with a splash. The business has a massive social media following and is now a household name. The business model is very attractive to incoming owners as it provides stability and a genuine reliable income steam. The business has a multi-faceted approach meaning it doesn't rely on just one income source which is fantastic. It is very 'on-point' currently following a national wellness trend. The unique integration of hospitality, tourism and entertainment also makes this business an attractive asset for the astute business owner.
With systems and processes already in place, the business makes the perfect passive investment for those looking to add hospitality and wellness ventures to an existing stable of high performing businesses.
History
Starting in a small location in Dec 2020 and quickly outgrowing this and moving into the current location in 2022, the business has gine from strength to strength and is now ready for a new owner to take the brand to the next level.
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