Profitable, turnkey tanning salon with loyal client base

Lanoka Harbor, NJ (Ocean County)

Profitable, turnkey tanning salon with loyal client base

Asking Price:$69,000

Cash Flow:$25,000

Gross Revenue:$120,000

EBITDA:N/A

FF&E:N/A

Inventory:$65,000

Rate/Sq. Ft.:N/A

Established:2006

Profitable, turnkey tanning salon with loyal client base

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Business Description

This profitable and well established tanning salon with a loyal client base is a great opportunity to be your own boss.

Located in the "town center" of a well maintained and modern strip mall. Plenty of onsite parking available. There are 12 private rooms, one is used for spray tanning, another for storage and the rest for tanning beds.

9 beds and 1 stand up included in asking price. All equipment is well maintained- no loans on any equipment (all purchased in 2006). Inventory includes:

(3) KBL 3500 beds, (1) KBL Pure Energy stand up, (2) KBL 5600 beds, (3) KBL Convertible beds, (1) Magic SunItalia

Low rent - $3k / month.

Purchase price for inventory in 2006 and build out cost was $250k +

Owner is retiring out of state and is motivated to sell

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,875
Lease Expiration:
N/A
Employees:
1 FT, 2 PT
Facilities:
In a strip mall located in a busy town center with onsite parking. Modern storefront, clean and inviting entry foyer with 12 rooms. Tanning beds occupy 10 rooms, 1 room is used as a spray tan room and 1 room is used as storage.
Competition:
In addition to a large local client base, a good percentage of clients come from neighboring northern towns. There is no competition in the neighboring northern towns.
Growth & Expansion:
Currently little to no marketing efforts are being done. Increased advertising featuring spray tan services is an opportunity to increase revenue.
Support & Training:
2 weeks training included in asking price
Reason for Selling:
owner retiring and relocating to FL

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Wendy Cormann

Business Listed By:
Wendy Cormann

NJ Brokers Plus LLC.

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Sponsoring Broker:
Mike Janis

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