Business Display

Canberra, Australian Capital Territory

Price Drop! Cryotherapy Spa – Wellness and Recovery Centre – Canberra

Price: $249,000 Neg
Listing ID: 1648

BUSINESS DESCRIPTION

Growth Projection for 2019: $220,000-plus

This specialist business has little to no competition locally, offers flexible hours and can mostly be run by one person, making it a great investment in a growing market.

The projected turnover growth for 2019 is healthy and opening on weekends could further boost income.

Business highlights

• Established since February 2017

• 4 services offered, including Cryosauna, Cryofacial, Cryospot and Cryobody (cellulite reduction)

• Sale includes the Cryosauna, the Cryo Penguin (used for the other 3 services), TVs and headsets in the treatment rooms, computer, reception gear & printer

• Repeat client base of around 44% retention, including clients who have been with the business for over 2 years

• Great location in the sought-after area of Barton, close to hotels, restaurants, coffee shops

• Links to Hotel Realm and Doma hotels in the area

• Area includes around 10,000 employees and workers in a 2-kilometre radius

• Leasehold premises measure 221m2 - initial 3-year lease with 3-year extension

• Multiple tenants in the Precinct creating a massive rent reduction for a new owner – potential to pay next to no rent *

• There are currently 3 businesses in-house using 60m2; actively looking for more health businesses to help grow the facility

• New owner could add extra services, such as infrared sauna, float etc

• Currently trading weekdays only (weekends by appointment) due to family commitments

• No training or certification required, only OHS knowledge and training on liquid nitrogen and emergency procedures

• First aid certificate recommended

The current owner is happy to offer 3 months’ training, as well as helping to promote the treatments and drive more business to the spa. She has also been pushing clinical trials for private health.

There are some great opportunities to expand and grow this business through internal referrals, cross promotions in-store, networking and affiliates.

There is only one other health hub in Canberra on the northside; this is the only one on the southside.

Price: $249,000 or By Negotiation*

BUSINESS FEATURES


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Canberra, Australian Capital Territory