Tanning Salon: Fun and very profitable
| Asking Price: | $125,000 | Inventory: | $1,500 ** |
| Gross Revenue: | $85,000 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $40,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Established in 1991, this fun and profitable business is located in a vibrant and thriving shopping center in the greater Indy metro area, and within a $75k a year income demographic . Visible by as many as 50,000 cars a day, and with 1600 sq ft of space, the store has 10 spacious, quality-built and decorated (permanent) tanning rooms. Also available are a quality reception and kiosk area, a very clean and bright store interior, and an attractive store front. A well-trained staff of 4 keeps this store running on its own. The ownership is absentee and now travels often, leaving far less quality time for this good business to grow.
About the Business
Year Established:1991
Employees:2 full time - 2 part time
Facilities:Leased with one 5 year option. 2.5 years remain on current lease. Lease will transfer to qualified tenant. 1600 sf at $2300 per month incl CAM.
Market Outlook and Competition:This salon is a boutique offering tanning services only. Industry slowly shifting to offer other beauty services: nails, hair, and massage. Absentee ownership is best when a manager is in-store with customers who offers care and interaction. Customers like to know the owner, but prefer customer service. Customers are fickle in this industry, they will try different salons until they find one that offers good service, lotions, and convenience. This salon does not offer spray tanning. This salon does not offer EFT to members, this helps predict sales and creates more revenue.
About the Sale
Management Training and Support:Seller will train for up to 3 weeks. This business is very easy to learn, but will stay longer if absolutely necessary.
Reason For Selling:Seller owns absentee. Travels often.
Seller Financing:Seller may finance a portion of the deal. Depends on the buyer experience and other factors.
KEYWORDS: Tanning salon, tanning salons
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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