Tanning Salon Chain For Sale - No Royalties to pay

Tyler, TX
Smith County


Asking Price: Annual Revenue:
$1,250,000 $1,079,019

Services: Hair, Nails, Spas, Tanning


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RE: Tanning Salon Chain For Sale - No Royalties to pay Broker: Jeff Petersen
Owner Financing is Available!
$200,000.00

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $1,079,019
Net Profit: Not Disclosed
Cash Flow: $206,003
Total Debt: Not Disclosed
FF&E: $807,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 25
BBN Listing #: 28756926
Broker Reference #: 88882-282111

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Business Overview:

Exciting opportunity to own a chain of tanning salons in East Texas. This chain has been operating since 2006 and only uses top-of-the-line equipment. This business has developed a trusted and recognizable brand across the area.

This industry is projected to grow to a $4.2 Billion industry by 2024 according to IBISWorld Industry Outlook. With purchase options from single-use visits to a very successful subscription model this business has outstanding cash flow that can be seen in the pristine books and records that are available.

This chain is well diversified across the area and has competitive leases in place for all locations. The POS system is able to be monitored at all times by ownership. It is designed to manage expenses, track sales and prevent non-paying usage of the beds. Mid-level management is in place and will bridge the transition to new ownership. The opportunity for growth is significant and growth will match the enthusiasm level of the new owner as well as the ability to manage social media promotion.

This business has been pre-qualified for SBA loan participation and seller financing is available.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

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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