Services - Beauty & Barber Shops | Services - Other Personal Services

Asking Price	$1,700,000	Inventory	$10,000*
Gross Income	$2,292,000	Real Estate
Cash Flow	$550,000	Year Established	2003
FF&E	$1,854,000*	Employees	37

* included in the asking price

** not included in the asking price

This business is a multi-location (4 units) indoor tanning salon franchisee with established operating history and well respected and recognized name. The business has an Area Development agreement with franchisor to open more locations in the Boston area. The Company has outstanding strategic locations with modern facilities and equipment and is a high net margin business with excellent future growth opportunities. The staff has been corporately trained and includes certified non-union employees and management team. Approximately 45% - 55% of revenue is recurring from automatic monthly electronic funds transfers from clients.

Facilities: The Company leases upscale, modern facilities in all four locations. The four locations range in size from 2,200 sq. ft. to 2,500 sq. ft. in size. Each location has between 20 and 23 tanning machines.

Competition: This business competes primarily with other local salons. The Company owns development rights to the eastern portion of Massachusetts. The Company continually seeks additional prime real estate locations and is targeting to build up to ten new salons over the next three years. An acquirer could potentially open 20 new stores.

Growth/Expansion: Growth and expansion is expected to come from new locations in the Greater Boston area as the Company continues to develop business in desirable areas.

Financing: seller may provide financing for well qualified buyers

Support/Training: All management is currently in place and will remain for new buyer. Owner is absentee and lives in different city. A new owner will not need to be involved in day-to-day activities and can focus on growing the business through new locations.

Reason Selling: Other business interests.