Endota Spa Magnetic Island QLD
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Description of the Business
This business is located in the prestigious Peppers Blue on Blue Hotel complex on Magnetic Island. It is essentially a day spa, which provides Skin & Body treatment services and sells complimentary skin & body products. Basically, endota provides all supplies and products essential to running a spa.
Endota products include: Endota Organics, Endota Ceuticals, Endota Glycolic and Dermalogica.
The background of endota’s products is that they are: distinctly Australian; natural & organic; socially & environmentally responsible, and a sublime take home reminder of endota.
The business benefits from a successful gift voucher system. The presentation of the business is impeccable.
There is also an opportunity to establish and endota franchise in the Townsville territory which would operate in conjunction with the Magnetic Island business.
Description of the Premises
The business operates from a modern open plan retail shop, within the Peppers Blue on Blue Hotel Complex. Peppers Blue on Blue is a luxury waterfront resort. It is also a minutes’ walk from the ferry.
The shop front of the premises has floor to ceiling glass, providing 180 degrees access to a main thoroughfare. There is an open plan foyer at the entrance, which incorporates the reception area (with water front views) and a waiting area. The rear area of the premises includes a 3 person spa bath for girls days outs & couples treats, 3 treatment rooms ( 1 being a couples room) & a store/staff room.
The complex has conference rooms, the Boardwalk Restaurant & Bar, a very inviting pool, a sauna, a gym, etc. There is ample parking within the complex.
The Franchise Group
Endota Day Spa was founded during September 2000 by Mel Gleeson & Belinda Fraser. The group is Australia’s largest day spa network and now boasts approximately 80 spa locations within Australia, with over 700 employess.
The group engages in extensive and various marketing campaigns, including: new in-spa campaigns each month; advertisements in key media, and an ongoing marketing award winning website & intranet.
Specific support provided by the franchisor includes: In-Spa visits; Regular visits with retailing tips, etc; Rebates to support promotions; Spa Star Programme, and Product of the Moment point of sale promotion.
The business is currently run under management, as it is currently owned by the franchisor. There is 1 full time manager and 2 casual employees. All senior employees have a firm understanding of the business/spa requirements. They are responsible for spa operation, stock rotation, stock re-ordering, cash reconciliation at close of business and opening & closing security.
Reason For The Sale
The store is currently owned by the franchisor. Given that the business model of Endota is a franchise model, it is preferable for the spa to be owned by a franchisee.
The asking price is $125,000 plus stock.
The franchisor would be willing to discuss terms for the acquisition of the Townsville territory and the Magnetic Island business at the same time.
The rent is 10% + GST of net sales per week. The current lease expires in 2017 with an option of a further 5 years years.
The business currently trades 6 days per week.
The trading hours are as follows:
Monday 9.30am – 5pm
Tuesday 9.30am – 5pm
Wednesday 9.30am – 5pm
Thursday 9.30am – 5pm
Friday 9.30m – 5pm
Saturday 9.30 – 5pm
Sunday by appointment
For more information please contact Dione Mauric on 0415 543 469.