Business for Sale Overview:
This semi-absentee run tanning salon and retail operation has been completely renovated and is ideal for the salon operator that seeks to have a captive audience and ideal location from which to sell retail goods. This 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 onset 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 and will be included in the sale, as well as the renovations and facility upgrades that have recently taken place.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This salon and retail operation occupies a roomy 2,500 square feet facility in a prime shopping location. The facility leases for approximately $3,761 per month with an additional $1,222 in monthly CAM expenses. 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 and will likely continue to due to its ideal gym adjacent location.
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 swim wear, 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.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.