Reason :
The owner is planning to relocate to another city/country and, therefore, cannot continue to manage the business effectively from a distance.
Description
Discover an exceptional opportunity to own and operate a thriving spa business. This established spa, renowned for its exceptional services and serene ambiance, is now available for acquisition.
Location and Size
Location: Dubai Silicon Oasis
Size: 2,010 sq.ft (Rare retail size in the area with an exceptional landlord, offering unmatched rental rates in DSO)
Rooms and Facilities
Reception Area: Standalone with retail space
Hair Salon: 4 chairs, 2 shampoo stations
Nail Salon: 6 mani-pedi stations
Wet Area: 2 steam showers, 3 guest wash basins, 2 guest toilets
Waiting Room: 3 chaise lounges
Treatment Rooms: 5 total
2 with shower cabins
1 with jacuzzi
2 with openable door for combined treatments (mother-daughter or friends)
Pantry: Staff seating, beverages, appliances
Store/Office Room: Space for 2 tables, extensive shelving for product storage
Financial Details
Annual Rent: AED 175,000
Payment Terms: 6 cheques
Tenancy Expiry Date: 28th February 2025
License Expiry Date: 14th September 2024
Staffing and Operations
Current Staff: 7 (Recruitment ongoing)
Staff Salaries: Currently AED 26,000 (due to understaffing)
Visas Available: 17
Annual Expenses: AED 350K (including tax and non-tax expenses)
Financial Performance
Monthly Revenue: Varies current annual turnover is AED 800,000 (April 2023 to March 2024)
Previous years: Over AED 2 million
All financial records and client details available in system software
Profit Margin: Currently 50%, previously over 150% when owner was present
Parking: 3 dedicated spaces, additional visitor parking managed by agents
2 spaces rented to parking agent, visitor parking adjustments against rent
Utilities: Unlimited water usage (free since inception), electricity charges only
Inventory: Extensive inventory of professional and retail products
Ready-to-operate business with potential for immediate earnings
Initial Investment:
2012 AED 1.8 million
Interiors: AED 750,000
Owner's Net Price: 1.5M AED
Remarks: Ideal for a passionate owner who can be physically present.
This detailed overview should provide potential buyers with a comprehensive understanding of the business, its financials, and operational setup.
Note:
Contact for more information regarding viewing and financials.
Original pictures can be shared to our respective buyers only after signing NDA
Facilities Overview
Built up Areas: 2,010 SQ.FT Square Feet