Do Some Rich People in Cambodia Open Businesses More for Passion Than Profit?
Genuinely don’t understand some business investments in Cambodia sometimes. There’s a gym/wellness center I go to that’s super high-end. Nice steam room, sauna, cold plunge, massages, really clean, first-class service, etc. Honestly one of the nicest gyms I’ve been to.
But then I heard the total investment into it was approximately in the multi-million-dollar range, possibly around $5 million including land, and my brain immediately went into ROI mode. Membership is around $500 yearly, about $380 for six months, or $130+ monthly. In Cambodia, that’s already very expensive and mainly targeted toward wealthier locals, foreigners, and upper-class people.
Maybe I think about things too much from a finance perspective, but I just don’t see how the math works unless the place stays consistently busy for years. Even if it’s successful, it feels like the payback period would be extremely long, especially with operating costs and the economy sometimes being unpredictable.
The owner is surprisingly humble too, not some flashy “look at me” type. He’s around 35 and comes from a wealthy family, so maybe it’s more of a passion project because he genuinely loves fitness and wellness. Honestly, that explanation makes more sense to me than it being some insanely profitable business move.
Maybe I’m missing something though. Curious what other people think.