Business for sale

Business description

An outstanding opportunity to acquire a recently established, unique Day Spa and Restaurant. The business is located in the heart of the re-development of the canal side area of the City Centre with its abundance of new apartments, leisure and recreational facilities.

The proximity to the City Centre, has resulted in this area being densely populated by the professional work force of the city, providing the perfect market place for the spa’s services.

The beauty spa provides the ideal experience for today’s professional to relax and re-vitalise, a welcome refuge from the challenges of our demanding lives. In a quiet, canal side location the Spa provides a uniquely holistic experience, with it’s five areas designed around the five elements in Eastern thought: Wood, Fire, Earth, Metal and Water.

The premises (approx 4000sf) are beautifully fitted throughout and the considerable investment made to date by the owners is particularly apparent. There is a large reception are with restaurant off. Doors lead to the spa area with 4 treatment rooms and a larger studio for group sessions, classes etc (up to 20 people). The Spa has relaxed seating area for 12, two saunas (1 infra-red and 1 traditional), jacuzzi bath, steam room and floatation room.

The restaurant currently serves exclusively vegetarian food, 30 cover dining area and a relaxed café area on the canal side with potential for a further 15 outside seating. The restaurant has been recognised by food writers as one of the top vegetarian restaurants. The owners have a relaxed attitude with regards to whether the restaurant sells together with the Spa business. They would be happy to continue the restaurant under licence should a purchaser prefer.

The business and restaurant are reluctantly offered for sale through The Business Partnership due to unforeseen family commitments of the present owners.


GENERAL INFORMATION

Years established: 3
Employees: 8
Property: Leasehold

Lease terms
Approximately 21 years remain of the lease at £62,000 rent payable per annum. Rates payable are currently circa £24,000 per annum.

Location
Idealy located in canal side mixed commercial/residential developemnt

Competition / Market
There is liitle direct competition in the region



Advert ref: trb.1329