Growing Tanning Salon - price reduced to sell
Location: Texas > Rockwall County
Industry: Personal > Other Personal Prod. and Services
Financials
Asking Price: $99,000
Gross Revenue: $148,000
Cash Flow: $51,000
Inventory: $500 (Included in Asking Price)
FF&E: $30,000 (Included in Asking Price)
Seller Financing: Negotiable
Business Summary
Price reduced from $120,000 to $99,000. Sales have increased $11,000 over 2007. The salon currently has over $10,000 in postdated contracts which are included in the purchase price. This tanning salon is located in a rapidly growing DFW suburb and large shopping center that is anchored by a new fitness center which has contributed to new clientele in 2008. The owner installed a new air conditioning and heating system in 2008. This salon offers a significant opportunity as an owner-operated store.
About the Business
Year Established: 1995
Employees: 4 part time
Facilities: Lease is $2671/month. Includes 9 tanning beds. There is room to add aditonal beds.
Market Outlook and Competition: The industry has grown significantly in the last 25 years and it is estimated that 10% of the U.S. population will visit an indoor tanning facility at some point during the year. The city recently approved the development of the area behind the shopping center, providing the potential for additional customers.
About the Sale
Management Training and Support: Owner will provide two weeks of training
Reason For Selling: Pursue other business opportunities
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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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