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Successful Spa In Kingston For Sale

Kingston, Ontario, Canada
Asking Price:
$750,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$50K - $100K (CAD)

10 years in business
Solid reputation with large client base. Weathered multiple lockdowns during Covid very well.
Currently runs with Registered Massage Therapy and Spa services including waxing/facials/body treatments/nail services.
6 treatments rooms, manicure/pedicure room and trendy reception area.
Prior to Covid the annual income was 1.1M+. We reduced hours/staff to comply with capacity restrictions, current income averages $58k/month or 700K annually. We are ready to expand our hours and staff back to previous numbers as restrictions have eased.


Very low lease rate and monthly expenses.
Owner income $190,000/year

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease ending 2022. Will help facilitate renewal

Leasehold Rent:

$35,000 (CAD) per annum

Location:

Downtown Kingston with ample parking

Size in square feet:
1,576

Business Operation

Expansion Potential:

There are two units in the same building fronting on a very busy street that could offer expansion potential. The second location could be negotiated into the deal.

Reasons for selling:

Want to focus on second location in a non-competing area

Trading hours:

Tuesday-Saturday

Employees:
10
Years established:
10

Other Information

Support & training:

Support and training offered

Furniture / Fixtures value:
$150,000 (CAD) - included in the asking price
Inventory / Stock value:
$20,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Seller

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