Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$149,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Personal
Year Established:	1995
# of Employees:	4 p/t
Yearly Revenues:	$181,000
Yearly Cash Flow:	$64,500
Yearly Net Profit:	$44,500
Monthly Payroll:	$2,926

Business for Sale Overview:

This absentee run tanning salon and retail operation is ideally located near a major gym, beauty shops, and a grocery store. The well established salon has been a proven earner for over 10 years, and has weathered the threats of new competitors with flying colors. All of the tanning equipment, which includes a plethora of lay down beds and a late model spray tan unit, are fully paid for.

Property Features and Assets:

This salon and retail operation occupies a roomy 2,600 square foot facility in a prime shopping location. The facility leases for approximately $3,500 per month with an additional $1,300 in CAM expenses on a negotiable lease. The sale includes all lay down tanning beds, and the spray tan booth fully paid off in the sale.

Market Competition and Expansion:

Competition is considered moderate to high in this college city, however, this salon has withstood an onslaught of new competitors and has remained highly profitable. The enormous facility has many opportunities for growth, particularly given is size, the availability of its retail sales space, and it diversity of tanning options. New owners will likely see to capitalize on the available retail space via offering clothing or other complementary products, and may explore adding a stand up tanning bed, a high pressure tanning option, body wrap services, or even customized spray tans. As any changes will require landlord permission, a new owner may seek to inquire about and evaluate renting out tanning rooms to further increase revenues and capitalize on space availability.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.