25-yrs Successful Tanning 'Plus' Spa in A+ location / Huge upside!!

Nashville, TN (Davidson County)

Seller Financing Available
25-yrs Successful Tanning 'Plus' Spa in A+ location / Huge upside!!

Asking Price:$99,000

Cash Flow:$46,710

Gross Revenue:$144,000

EBITDA:N/A

FF&E:$128,000

Inventory:$2,000

Lease Rate:$42.85 /SF/Year

Established:1992

25-yrs Successful Tanning 'Plus' Spa in A+ location / Huge upside!!

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Business Description

PRICE REDUCED BELOW ASSET VALUE FOR QUICK CLOSE. HUGE GROWTH JUST AHEAD!
Profitable / Contemporary Tanning 'Plus' Spa in perhaps the hottest location in Nashville. 25 years success. Well established & loyal customer base. Business could easily double when new residential tower opens soon....right next door!! Expand w/new personal care services. Facial services added was just the beginning. 11 private rooms; only 8 needed to fulfill tanning demand.

Tanning has exploded with a variety of new technologies including spray tanning...and this business has the best equipment, including a $36K Saturn tanning unit, and the best educated consultants ready to stay on board w/new owner.

There's 48 personal care services now being offered in Nashville spas. This is the 'bulls eye' location to begin offering them with rooms ready!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
840
Lease Expiration:
6/30/2019
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
One of the hottest locations ANYWHERE in Nashville. Eleven (11) private rooms. Three rooms can be used for any of 48 personal spa services sold in the area. No restrictions here! 17-story residential skyscraper nearly finished next door and has a pedestrian bridge leading 100's straight to your front door! This contemporary spa includes all the best/latest equipment & technology for easy turnkey operation (all included in this sale). Details & Equipment list will be provided along with current valuations for each capital unit. New POS system ties to all private rooms & units' timers. Five (5) newer HVAC units vented to roof. $5K in new replacement parts if ever needed. Hydraulic lift table and equipment in facials room. Right next door, there is an open/available space which could more than double the size of this business and expand services offered. If interested, a meeting will be set to discuss w/landlord.
Competition:
Minimal competition & numerous complementary businesses drive customer traffic & 'impulse buying' here. Well established & loyal customer base. 25 years success!!! LOCATION LOCATION LOCATION...THIS IS IT!
Growth & Expansion:
Mega-growth all over this area will drive business growth organically. The new 17-story residential tower next door could easily double the business quickly with minimal marketing expense. Add new services beyond specialized tanning and facials. The sky is the limit here!
Financing:
possible, if conditions met
Support & Training:
Complete training A to Z. Management in place. This is a turnkey investor opportunity (as current), or run as owner-operator to make even more $$ than shown above.
Reason for Selling:
semi-retirement & time constraints

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Tom Nilsen, MBA, Business Broker, REALTOR

Business Listed By:
Tom Nilsen

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