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

Asking Price	$53,000	Inventory	$2000**
Gross Income	$78,000	Real Estate
Cash Flow	$32,000	Year Established	2005
FF&E	$20,000*	Employees	2

* included in the asking price

** not included in the asking price

Hi end tanning salon needs owner operator(s) as well as sustained marketing. Estimate doubling of revenues in 18-24 months with effort toward growth. Most expense are fixed. Utility expense would rise with revenue increase as more tanning hours results in added use of electric, etc. Rent is $2575 and is currently month to month. Owner believes landlord may rework monthly rent lower. Hours are M-Th 10-9, Fri. 10:30-7 and Sat. 9-6. 7 beds with room to add 2-3. All new window signs. Great traffic drive by at busy intersection. Only real maintenance expense is bulbs which last a very long time of 1000 hours. For owner operator, net cash flow at $78000 in revenues is approx. $32000 a year. Projecting revenues at $150000 only, cash flow/profit would be approx. $80,000+. SJD sold a tanning salon on the westside with $175,000 in revenues and cash flow was over $90,000. Sales price was $175,000 (100% of revenues). At 100% of revenues, value of this salon would be $78,000. In addition, this salon is in a better area with more traffic. At a recently reduced price of $53,000, this is a very good price. Should not last!

Facilities: 1700 SF in busy strip center;

Competition: Modest to little competition in hi end area.

Growth/Expansion: Great growth potential; Very little time has been spent on building business because of time restraints , and modest amount has been spent on advertising. Estimate that revenues could double in 18-24 months with sustained marketing effort.

Financing: Possible terms

Support/Training: Will train for up to 30 days and ongoing phone consultation

Reason Selling: Both owners (husband and wife) have another business