Contempo spa in affluent area-$145K
| Asking Price: | $75,000 | Inventory: | $1,300 ++ |
| Gross Revenue: | $161,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $58,000 (comments below) | FF&E: | $75,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: projected | |||
| Cash Flow Comments: projected | |||
Tanning salon/contempo spa located North of Hwy 121 in an affluent area that has high visibility and excellent traffic flow. This well know Franchise is the largest and best known tanning and spa franchisor in the country with over 400 locations and over one million members. The franchise agreement is optional not required. The franchisor has a proven and successful model offering several revenue streams, including tanning, spa services and skincare products, and provides excellent franchisee support. This upscale contempo spa has Mystic tanning, a Hydration Station hydrating bed, (3) VIP 48 bulb beds, (2) Platinum 52 bulb beds, and (3) 32 lamp Basic bed. The business also enjoys solid monthly EFT (Electronic Funds Transfers) of $3,000 drafted directly from patrons checking or credit card accounts. The inventory, customer database, furniture, fixtures and equipment are all included in the asking price of $75,000. Business is currently open 9am to 9pm Mon-Thur, 9am to 7pm on Fri, 9am to 5pm on Sat and 1pm to 5 pm on Sun.
About the Business
Employees:1 full time - 3 part time
Franchise:Yes
Facilities:This 1500 S.F. facility has favorable lease terms with 5 years left on the lease
Market Outlook and Competition:Normal competition for the tanning industry. However, this tanning salon has an established customer base comprised of repeat customers who repeatedly refer new customers.
About the Sale
Management Training and Support:Willing to train and consult as necessary, also franchisor will require one week training at their corporate office. Training, technical support, staffing and other guidance are also provided by the Franchisor. The well trained employees will make for a smooth transition
Reason For Selling:Other opportunities
Seller Financing:25,000 cash down- owner finance balance.
KEYWORDS: Tanning, Contempo, spa, health, beauty, franchise,
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