Asking Price: $379,000 Gross Revenue: $391,831Cash Flow: $134,888 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This highly profitable Glendale area indoor tanning salon is entirely absentee operated, and boasts a varied array of low, medium and high pressure equipment as well as stand-up, and UV free spray booth and custom airbrush options. The well-established salon is quite spacious and still has room to grow!
About the Business
Building Sq. Ft.:
This 2,174 square foot tanning salon leases for approximately $6,505 per month, on a new five year lease. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.
While competition exists, this well-established venue is an incumbent salon in the area so it is considered to be both mature as well as well stable –as it has withstood the opening of other new locations over the years.
Growth & Expansion:
As the salon is absentee operated it could potentially substantially benefit from a sales oriented full-time working owner who could replace some staff and minimize double shifts, while simultaneously ensuring the highest average ticket sale and stellar customer service. As with any salon, a new operator will also wish to maximize the number of clients that are on an automatically recurring electronic fund transfer program to ensure the stability of revenues during the slower indoor tanning seasons, while also maximizing customer retention.
Highly Profitable Glendale Area Tanning Salon – Absentee Operated!
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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. See our
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