Description

This Fitness Club and Spa measures 1,200 square metres and is situated on the top floor of a well known office tower in the Chatuchak area of Bangkok, close to the subway and the expressway. Providing exclusive, high class services, with the most up-to-date exercise equipment and a sauna, it is described by the owner as a one stop service for the well-being of body, mind and spirit. The decor is highly attractive, and a good customer base has been built up since the business started up in 2004. This has led to annual receipts of approximately 10,000,000 baht, although the business is running at a loss; this is due to monthly rent set at 600,000 baht, due to the high profile location, and the high monthly payroll, which totals 250,000 baht for 17 full time employees. The owner spent 60,000,000 baht on the assets in 2004, and is looking to recover 50,000,000 baht, which she feels the assets are worth in today's market. She feels that a dedicated and knowledgeable owner could make the prestigious business profitable, but she has reached the age of retirement, and will therefore pass on the opportunity to an investor who felt that they could turn the business around.

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