Business For Sale

Business Overview:

Income to Owner $64,007, steady cash flow. Revenue $144,006 You can Buy this business for $195,000. This is an excellent opportunity for the right qualified buyer. The current owner has worked relentlessly to build this highly popular and very successful tanning salon through his over 23 years of knowledge in the Tanning Industry. The salon has EFT contracts that provide a guaranteed source of revenue and currently generate $78,000 on an annual basis. The equipment featured in the salon is the very best. The beds and booths are recognized by industry leaders as being the up most in reliability, ease of maintenance and best in performance. Some of the beds are from Italian manufacturers and others are from the most renowned suppliers in the industry. Every possible type of tanning machine is featured and each piece was chosen specifically for its ability to generate revenue and provide complete customer satisfaction. The salon has gained the dominant market position in the area due to being the very best offering excellent service, superb equipment selection and a highly competitive pricing structure while maintaining greater profitability than other salons. Located in a highly popular strip mall anchored by several national retailers such as Cold Stone Creamery, Chili’s and Starbucks auto traffic and foot traffic is substantial and the center remains busy during the salons hours of operation. Highly visible the salon has marquee signage as well as signage over the front door in large letters. If you are a well qualified buyer for this business you won’t want to pass up on this opportunity.

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:

Assets: FF&E: value is approximately $130,600. A complete FF&E list is available for a qualified buyer who has signed a confidentiality non-disclosure agreement with Tampa Advisory Partners. All equipment is owned with no liens. Lease: The salon operates from 1,500 sq. ft. and is located in a strip mall anchored by several national retailers such as Cold Stone Creamery, Chili’s, and Starbucks. Located on a very busy corner with 3 points of access from two roads. Parking is adequate and rear entry is also available. The current five year lease expires late 2013 and has an option to renew and is also transferable. The lease is $3691.51 triple net and is due the first of each month.

Market Competition and Expansion:

Marketing is accomplished through Direct Mail as well as area coupon publications, in-store referrals and handouts. Incentives are given to members who refer new business to the salon, most new members come from referrals. Other marketing programs include co-ops with local businesses and a bumper sticker program for students. These programs are unique and provide an opportunity for the salon to be recognized by the largest demographic, women between the ages of 16 to 21. The bumper sticker program is enormously successful and should be continued and expanded upon by the new owner to generate greater earnings. The current owner recognizes that more needs to be done in the area of marketing that could greatly increase revenue.

Reason for Selling:

Owner wants to slow down

Additional Details: