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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 : £250,000

Turnover : £328,000

Net Profit : £146,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold

Asking Price: £250,000 inc S.A.V.

Business Highlights include:

Spa 1: Turnover circa £268,000, Outcalls circa £100,000 per annum
Net profit circa £126,000 per annum (before drawings)
Spa 2: Current Turnover circa £60,000 per annum (before drawings)
Net profit circa £20,000 per annum (before drawings)

Well established spas – ideally sited in famous International London Hotels
Highly skilled, loyal team of therapists
Appropriately furbished, modern and attractive premises.
Loyal, regular customer base of hotel guests
Excellent growth and expansion opportunities

Business Profile

The first of these attractive, luxury spas was opened 2 years ago by the current owner in one of the most famous international hotel group’s 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’ spa’s 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.

Not surprisingly, the spa enjoys a good level of patronage since the Hotel locations have a very high level of footfall and the mobile service has a very high level of repeat custom. The target market for the spas is very much the affluent residents of this area in London and its visitors.

The business has all the equipment normally associated with a business operating in this sector and uses specialist i-Salon, salon software systems for client booking and management.

This opportunity is an ideal business for anyone looking to establish a foothold in the day spa/health and beauty sector or for someone already in the sector looking for a strongly performing, additional business to bolt on to their existing activities.

Key Strengths:

The Company has the following key attributes:

• Well established spas – ideally located
• Sophisticated presentation
• Extremely well appointed
• Highly skilled, loyal team of therapists
• Specialist appointment booking software with texting and reminders
• Appropriately furnished, attractive premises
• Loyal, regular customer base
• Excellent growth and expansion opportunities.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Spa 1: Turnover circa £268,000, Outcalls circa £100,000 per annum
Net profit circa £126,000 per annum (before drawings)
Spa 2: Current Turnover circa £60,000 per annum (before drawings)
Net profit circa £20,000 per annum (before drawings)

Advertising:

The spa’s 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.

Growth and Expansion:

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.

Premises:

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: £8,400 +VAT
Spa2: £2,100 +VAT

Business Hours:

Monday - Sunday: 10:00 am – 8:00 pm.

Employees:

The spa’s 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.

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.

Reason for Sale:

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.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk