Opportunity
This long-standing spa in Toronto’s affluent Yorkville neighbourhood is for sale. The owners founded and have been operating the business for nearly 20 years. They are looking to retire and give other foreigners a chance to skip the leg work of starting their own business and instead build upon one with a loyal client base. They are looking to retire in 2024 and have recently reduced the price for a quick sale.
Business Details
- It is in a prime location close to many complementary businesses.
- It is a 5,000 sqft spa space with treatment rooms, relaxation and tea lounges, and changing rooms, each a sauna room with steam.
- Strong online reputation and highly ranked on Google (4.5 stars of close to 300 reviews) and TripAdvisor (a top 10 result with close to 550 reviews).
- The spa brings in close to $1 million in revenue annually.
- The owners are adding new products, which they anticipate will increase sales by $100,000 in 2024.
- Fully staffed operation. The owners manage the business’s financials and can manage the business from afar.
- The space is in a prime location and has high visibility. It is leased and can be renewed on a long-term basis.
- Opportunity to invest more in social media marketing and expand service offerings.
Sale Type: Share sale
Asking Price: $230,000 $95,000
Reason for Selling: Retirement
Next Steps
Sobirovs Law Firm specializes in assisting foreign investors buying a business and planning to relocate to Canada. You can focus on your business while we focus on your permanent residence and, ultimately, your citizenship in Canada.
If you are interested in this or any of our other listings, reach out to learn more about the business purchase and immigration process.