Business Overview:
This beautifully decorated tanning salon occupies approximately 1,400 square feet in a highly traveled center anchored by a national grocery chain. The area surrounding this business claims a median annual household income of over $100,000. The business has become a popular place for tanning, purchase of tanning lotions, and they have a very loyal client base. This is a stress free business to run and operate, requiring minimal employee training. Business was opened in 2001 and the current owners significantly upgraded the tanning equipment when they purchased the business. They have one Level 4 bed, 5 level 1 lay down beds, 1 level 2 bed, 1 stand up Level 3 high intensity bed and 1 turbo bronzer spray on tan machine. In addition to the equipment upgrades they completely renovated the interior with professionally installed tile, new color scheme including neon lighting, etc.
They recently added a nail salon due to demand for the service in the area, Response has been overwhelmingly positive.
The Price is only $35,000 and take over the existing lease which has less than 17 months left. The price is far less than the asset value only..
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:
Estimated fair market value for Furniture, Fixtures and Equipment is $80,000 plus and Inventory is approximately $2,000 included in price.
Market Competition and Expansion:
This area continues to be one of the most popular in El Paso County. There are several other new business developments (fast food, banks, etc.) that are bringing new people to the area. The owner is looking at bringing in a nail technician because there is none in the center and there is demand for this service and there is strong cross-over with the client base. A new owner could market the business more aggressively as well and sales should be in the $130,000 range at this location.
Reason for Selling:
The owner’s husband has taken a position overseas
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.
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