Business Overview:
This highly successful tanning salon has been widely recognized as being amongst the top tanning salons in the Metroplex. With a customer database in excess of 3,600, a growth rate in excess of 20% and an extremely high retention rate this business opportunity can be delivered on a turnkey basis without the need for any additional investment. Serving an affluent area of the Metroplex this salon offers 4 levels of tanning services in 6 rooms plus an airbrush room - The tenant improvements were completed 3 years ago and, along with the modern equipment, remain in excellent condition. An astute buyer will recognize the seasonality of this industry - January commences the upsurge in cash flow.
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Property Features and Assets:
The salon occupies 1,130 square feet and is operating on month-to-month basis.
Market Competition and Expansion:
A key element of this salon’s success has been its insistence that no customer is subject to a sign-up fee or a contract. It’s customer base has responded favorably. As a non-franchise/chain operation the Company believes additional marketing will strengthen is competitive position. Marketing, marketing, marketing. The owner projects a 50% growth rate can be achieved with a heightened focus on this strategy. The company has undertaken a low cost marketing approach to develop its customer base, but the majority of its customers are the result of referrals, media recognition, reputation and drive-bys.
Reason for Selling:
As a entrepreneur seller seeks new adventure.
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.
Resources: