Well Established Tanning Salon

Brooklyn, NY (Kings County)

Well Established Tanning Salon

Asking Price:$99,000

Cash Flow:$90,000

Gross Revenue:$260,000





Well Established Tanning Salon

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Business Description

Great tanning salon for sale in a prime location. This business is located in an area with heavy traffic and constant customer flow. Prime for a new or current business owner that can bring this business to the next level. This tanning salon has been at the same location for the past 15 years (since 2001). It was completely renovated in 2012. All machines are owned free and clear. Business current NOI is $90,000 with the owner being 98% absent. NOI can easily be doubled with a hands on owner/operator. This is priced to Sell. Price is FIRM!!!

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Equipment include 16 tanning machines (completely paid of, no liens or leases) POS System Cameras through out the store 7 year lease with no escalation till 2020 Subleases
No near by competition
Growth & Expansion:
Current NOI is $90,000 a year with the owner being completely absent. Prior years with the owner being there full time, the business NOI was over $200,000 There is huge potential in growth for a hands on operator!!!!
Support & Training:
Current Owner will thoroughly train new operators.
Reason for Selling:
Owner is involved full time in a different business.
Business Website:

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Michael Levin

Business Listed By:
Michael Levin

Arvik Group Realty

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