Tanning Salon Portland
Location: Oregon > Multnomah County > Portland
Industry: Personal > Other Personal Prod. and Services
Financials
Asking Price: $475,000
Gross Revenue: $350,907
Cash Flow: $190,557
Inventory: $2,500 (Included in Asking Price)
FF&E: $482,000 (Included in Asking Price)
Seller Financing: 50%
Business Summary
Every chain of over 25 stores has a flagship store, meaning it's the best store in the chain and well-established. This store netted over $190,000 last year and there is a 15% increase this year. The owner is filling to finance 50% and once you take over you could probably get a lease and get all your money back. I predict this store will be sold within a week. If you like to do a lot of due diligence and really examine books and think about buying an operation, you won't be in the running for this store. Checking out the $190,000+ and getting a lease is all you need. Rent is really low. The location is #1. In the retail business it's location, location, location.
About the Business
Year Established: 1999
Employees: 1 full time - 4 part time
Franchise: Yes
Facilities: 2500 sq ft. Rent $6560/month. 4.5 years remaining on the lease; options available.
Market Outlook and Competition: Going nationwide. This is part of a 30-store chain.
About the Sale
Management Training and Support: Yes. Two weeks.
Reason For Selling: Franchising
Attached Files - Attachment Disclaimer
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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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