Tanning Salon and Boutique

Not Disclosed, UT

Asking Price: Annual Revenue:
$110,000 $131,000

Services: Hair, Nails, Spas, Tanning

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RE: Tanning Salon and Boutique Broker: Richard Lundquist

Quick Facts

Asking Price: $110,000
Annual Revenue: $131,000
Net Profit: Not Disclosed
Cash Flow: $53,000
Total Debt: Not Disclosed
FF&E: $23,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 3
BBN Listing #: 70314955
Broker Reference #: 7402-16100

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Business Overview:

This Tanning Salon and Boutique is family-owned, focused on providing safe, comfortable and affordable services as well as locally-sourced products. The owners take great pride in the level of service they provide and the reputation and loyal customer-following they're building on a daily basis. Pride of ownership and long-thinking business sense is apparent in everything they do.

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Property Features and Assets:

Located in approximately 1,200 square feet of retail space in a well laid-out retail development that's primed for significant growth for an extended period. Excellent visibility on a easily accessible highway that carries roughly 30,000 vehicles / day. Location is mid-way between two solid, relatively upscale and fast-growing communities. Surrounded by complementary business. Assets= $110,000

Market Competition and Expansion:

As an industry, annual growth is projected to be just under 5% for the next 5 years. The quality of their facility and equipment compares very favorably to competitors in every aspect. The current prices are slightly below nearby competitors leaving them some pricing flexibility, if needed. This business is located between two thriving, relatively upscale and fast-growing bedroom communities. As far as future growth potential, this is one of the prime locations in Northern Utah.

Reason for Selling:

Business is family owned and operated.

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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