Popular Tanning Salon in Affluent Town

Union County, NJ

Popular Tanning Salon in Affluent Town

Asking Price:$44,900

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$15,000

Inventory:$1,000

Established:31

Popular Tanning Salon in Affluent Town

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Business Description

Asset Sale!! Great turn-key operation where owner has owned the salon for 31 years & is looking to retire. Beautifully renovated with plenty of strip mall parking. Located off heavily traveled Raritan Road close to the landmark “Deli King,” which attracts many customers to the area. A new owner should be table to take it to a much higher level by doing additional advertising & promotions. Sales are currently $70,000 annually. Excellent rent of $1792 which included CAM charges & RE Taxes. Landlord will offer a long term lease with at least one 5 year option to qualified buyers. Furniture, Fixtures & Equipment of $15,000 including tanning beds in good condition & $1000 in Inventory are included in sale. Contact Seth Kain @ 201-317-4710 for additional details & showing.

Detailed Information

Inventory:
Included in asking price
Employees:
5PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1050 sq. ft. w/ ample space to service customers at the same time. “All” Furniture, Fixtures & Equipment are in very good condition. Plenty of free strip mall parking. Landlord will offer a long term lease w/ options to qualified buyers.
Competition:
There’s only one other nearby tanning salon in the immediate area. The salon has maintained a large client based over the years & has many loyal customers.
Growth & Expansion:
: A new owner should do advertising & promotions. Online advertising would be ideal. Some occasional “voucher” advertising may bring in some new customers. It’d be great to do some minor renovations.
Financing:
No financing available at this time
Support & Training:
Up to 2 weeks of free training. The owner would stay on longer if needed by the buyer.
Reason for Selling:
Owner is retiring

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Seth Kain

Business Listed By:
Seth Kain

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