Summary
A rare opportunity to become the owner of a leading Massage & wellness centre brand. In a prime Bondi Junction site, with multiple revenue streams and a reputation for amazing services.
Revenue
$404,000 pa
Rent
$43,000 pa
Expenses
$287,000 pa
Net Profit
$74,000 pa
Location Details
Located in the heart of Eastern Suburbs, Australia's most affluent area with the highest household income nationally. The business is in a central location, 3 mins walk from Westfield and Bondi Junction train station.
Potential
- Current owners have minimal engagement, showcasing the business's self-sustaining nature.
- Perfect for an owner operator to save on reception/management costs (approx 75k p.a)
- Currently running with room availability for further subleasing/treatment offerings
- Longer opening hours (currently only trading 10am-6:30pm (barely capturing the after work crowd)
Skills
The business's can run with any owner involvment however to reach its potential, an owner operator who could push marketing and manage the business would immedietly increase profits.
Hours
7 days per week - 10am - 6:30pm
Lease
Month to month due to sale - 3 Year option available and ready to be signed with new owner.
Employees
1 Manager
x 1 receptionist - Part time
6-8 Massage Therapists
Reason for Sale
Owners currently own 4 other buisnesses that they would look to re focus their time on.
About the Business
This is a fantastic opportunity to buy a spacious and stylish health & wellness clinic with a great customer base, cheap rent and centralized location in Sydneys Eastern Suburbs.
The business had operating revenue of 404k in the 2023 Financial year with 74k Net Profit.
The upside is for a new owner to manage the business and cut on reception/management costs, approx 75k p.a on top of the 74k p.a net profit (149k p.a).
KEY FEATURES:
• The business is minimal risk with sub tenants covering most of the rent and therapists are paid on a commission only basis.
• All equipment and shop fit out included (valued at $120k).
• A dedicated, professional team of therapists to carry over with returning customer base (some with hiccaps accreditation).
• A database of over 7,000 clients.
• 2 week handover period of assistance and guidance to the purchaser as part of the sale transition.
• Minimal training or recruiting needed and profit available from day one of taking over the business.
• Great branding with website, social media accounts, high ranking SEO, design and marketing material all included.
PROPERTY FEATURES:
• 5 private rooms each fitted with a massage bed, speaker system, air con and rustic decor.
• Lobby area, with seating for up to 5 clients and staff reception desk.
• Separate staff room, laundry, storage room and toilet.
• Located in the heart of the Eastern Suburbs, Australia's most affluent area with the highest household income nationally.
History
The business was established in 2010 with the current owners taking over in 2017 with a re-brand.
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