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.


massage

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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If you have any difficulty reaching the seller by phone or email, (undeliverable mail, phone number no longer in service, etc.)
please let us know as soon as possible and we will investigate for you. E-mail: deb@pin.ca or call 1-877-270-3092.


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