This well established Day Spa has now expanded into and 8 room operation.
The business specializes in luxury health spa treatments.
In comparison to the competition, the Spa products used are chemical free and use many fresh ingredients. The business provides unique treatments from a variety of distant cultures.
Currently the spa facilities include:
- 1 x ‘double’ Geisha hydro spa
- 1 x flotation tank
- 1 x shower & Toilet
- 2 x single massage rooms
- 2 x double massage rooms
- 1 x dispensary room with extra shower
- 1 x reception & retail area
In addition to the recent refurbishment, the Landlord is redeveloping the front of the building so that stairs enter straight off the street, coming up to a deck where the Port Douglas Day Spa reception is located. This means customers will now approach via a deck with palms and shaded by sails. This will be an improvement on the current side entrance that customers currently use, and increase the walk in trade.
The premises have been completely refurbished in December 2006. This included new paint in a neutral colour scheme, new floors, new partitions and transfer of equipment from the old shop into new rooms in the same location.
In addition to the recent refurbishment, the Landlord is redeveloping the front of the building so that stairs enter straight off the street, coming up to a deck where the Port Douglas Day Spa reception is located. This means customers will now approach via a deck with palms and shaded by sails. This will be an improvement on the current side entrance that customers currently use, and increase the walk in trade.
The owners have negotiated a new lease for the newly refurbished premises, reducing the monthly rental from $7,325 – $4,890 per month and securing a long lease of 3 years plus an option for a further 3 years. A cost saving of $29,220 per annum.
The busy day spa employs up to 7 therapists including five spa therapists (subcontractors), one full time receptionist/ therapist, one full time beauty therapist and in high season the business employs additional sub contractors to manage the increased demand.
The business has not yet reached its full potential, as there is room to expand the market with new products and trends. The new owner may also look to change staffing arrangements to achieve better returns on the business.
The owner is selling due to family commitments and is willing to assist a new vendor for approximately one month, or as negotiated.
Location
Port Douglas is approximately 70 kilometres north of Cairns. From glamorous Four Mile Beach to the wilderness of Dickson Inlet, picturesque Port Douglas has become an international holiday destination.
With nothing taller than a palm tree, development is low-rise, low-key and relaxing. It is regarded as the most popular base from which to explore the northern areas of the reef and rainforest coast of Daintree and Cape Tribulation.
Despite its popularity and sophisticated five star accommodations, it retains a close community atmosphere. Sharing the same tropical latitude as Tahiti, Port Douglas still attracts visitors for its old fashioned charm, wide streets shaded by trees and superb holiday attractions. There are more than 100 day tour options which depart Port Douglas daily.
Business Established - 4+ years
Sellers Owned - 4+ years
Trading Days - 7 days
Trading Hours - 9.00am to 8.00pm
Lease & Option - Lease Expiry: 06/2012, Option 3 + 3 years
Rent pcm & Outgoings - Rent: $4,890 pcm + Outgoings
Turnover
2006 - $483,131
2005 - $463,016
Net Profit
2006 - $74,631
2005 - $78,390
Staff Required
1 x Full time Manager / Receptionist / Therapist
2 x Full time beauty therapist
4 x Full Time Staff – Subcontractors
+ additional Subcontractors during ‘Peak seasons’
Staff Wages
Subcontractors – 50% of gross service fee less administration fee
$1000 per week gross to Manager
Owner/Manager - 20 hours per week
Plant & Equipment - Est. market value $67,000
Stock - Approx $8,000
Asking Price - $220,000 + SAV
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