Tanning Salon
Location: Florida > Duval County > Jacksonville
Industry: Health and Medical > Health Clubs and Spas
Financials
Asking Price: $200,000
Gross Revenue: $110,000
Cash Flow: $47,000
Inventory: $2,000 (Included in Asking Price)
FF&E: $150,000 (Included in Asking Price)
Real Estate: (Not Included in Asking Price)
Seller Financing: The sale price of $200,000 allows for selling financing of $60,000 @ 12% interest only for 60 months with a ballon payment of $60,000 after 60 months. The financing shall be subordinate to primary financing if there is any. The sale price for all cash is $189,000.
Business Summary
This is a tanning salon located in a new neighborhood shopping center in a growing upscale area of Jacksonville, Florida. It is a larger than typical space complete with 8 tanning beds, an air brush station, an aqua message bed and a 5 piece exercise area. The interior walls are not permanent and are part of the FF&E. There is a well developed website in place. There is a line of lotions that are proprietary and carry the name of the business. These lotions are available to the new owner on a license basis. The founding owners have invested aprroximately $200,000 in establishing this business. It is not a franchise. A substantial portion of the revenue comes from memberships that are paid by automatic credit/bank drafts.
About the Business
Year Established: 2005
Employees: 2 full time - 2 part time
Facilities: 2000 Sq ft. / Developed Website / 8 Tanning Beds / Air Brush Station / Aqua Message Bed / Exercise Equipment.
About the Sale
Management Training and Support: Will be provided as needed and negotiated.
Reason For Selling: One of the partners has increased family responsibilities. The other partners wish to retire.
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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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