Penthouse Day Spa For Sale by Owner - Victoria, BC


	For Sale "Proudly Offered" Features Penthouse Day Spa Victoria, British Columbia $154,300 plus stock Serious Inquiries Only CLICK HERE for a panoramic view of the spa.
Located in the Penthouse of the Harbour Towers Hotel in Downtown Victoria, BC.

Spa is located in Penthouse of Upscale Hotel.

Sweetheart deal of 7% on rent.

Rent includes water and electricity.

20% - 25% of clients are Hotel guests coming directly from Hotel.

Extra space available for large groups.

VALUE

(1) Inventory: $10,000

(2) Equipment: $50,000

(3) Leasehold improvements upwards of $15,000
The lease is reasonable at 7% of Gross Sales (long-term)
Lease includes hydro, power, water and parking.

Projected sales for 2006 are $300,000.
(4) Sales for 2006 were $280,000.
Projected sales for 2007 are $300,000. How much work you do yourself and how you pay your staff determines your net. As you are probably aware, industry averages are very high.

Industry Averages Places Value at $255,000

Asking Price: $154,300 plus stock

Gross sales could easily be $500,000 or higher. The owner has done that volume in the past but has slowed down to keep life simple. Industry averages would boost the net to $100,000 and the value up to $375,000 on the higher gross.

For more information please contact:

Em Round
1.250.629.3408
(Salt Spring Island)

8 salandem@shaw.ca

Do not call the Spa Directly.
Serious buyers are invited to make an appointment
for a showing when we will not disrupt our clientele.

We will only deal directly with buyers.
PLEASE, no agents.

ABOUT THE COMMUNITY

CLICK HERE to view an interactive map.
(once map is open click on it to zoom in and out)
Please visit www.tourismvictoria.com for information about the community.

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This Page Last Revised
March 10, 2008

Email: Eric Jordan
Email Larry Davison

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