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Business For Sale

Tanning Salons, Multiple Locations

Richmond, VA, USA

Services: Hair, Nails, Spas, Tanning

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$975,000
$927,000
Not Disclosed
$294,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
2000
0
77453047

Business for Sale Overview:

Recession-proof Tanning Salons, Three Locations included in sale price!! All are located in rapidly growing area of central Virginia. The shops are close enough to each other to make it easy for a hands-on or semi-absentee owner to oversee operations. Dramatic growth and success since opening 8 years ago. Solid sales growth every year. Cash flow (SDE) $300,000. Managers and staff in place, will stay with a new owner. Stores are beautifully built-out, decorated and equipped. Very loyal customer base, mostly on contract. No accounts receivable - payment for services handled by bank or credit card drafts. The focus and success of the business is built on total commitment to customer service. A turnkey, very profitable business with solid performance but also room to grow to higher levels. Owner has opened a third location which was an instant success. Business is good! Seller will train a new owner on all aspects of the business. Lots of support available from equipment suppliers. The present owner is a real pro in the industry. He is not relocating and is willing to offer advice and assistance to the new owner on a long-term basis. 14 employees. Capable managers supervise daily operations, scheduling, sales, etc. All employees are compensated on an incentive basis driven by customer service and sales. Sophisticated training program in place to assure that customer service remains the top priority. The present owner is semi-absentee, handles advertising and promotion, hiring, training, equipment purchases and repairs. A simple, very high gross margin business. Capable employees are relatively easy to hire in the market area. They make good money! Realistically priced based on industry comparables. Can be successfully operated by a semi-absentee owner from day one.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Multiple Locations

Reason for Selling:

Health Reasons

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.
 

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