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Established, Profitable Tanning Salon in DC with Loyal Client Base

Washington, DC (District of Columbia County)

Seller Financing Available
Established, Profitable Tanning Salon in DC with Loyal Client Base
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Asking Price: $49,995

Cash Flow: N/A

Gross Revenue: $327,824

EBITDA: N/A

FF&E: $45,950

Inventory: $3,250*

Rent: $9,739 /Month

Established: 2006

*not included in asking price.

Established, Profitable Tanning Salon in DC with Loyal Client Base

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Business Description

Incredible opportunity to purchase an independent Tanning Salon in the heart of DC very close to a major venue in a high traffic and growing part of the city! There have been many franchise and independent tanning salons that have failed since 2006 (due to the recession, tanning tax and overhead), but this business succeeded and they have emerged as an industry and market leader.

The tanning salon has great street visibility, a stellar reputation, friendly and knowledgeable staff, and an extremely loyal customer base that has allowed them to thrive. Many clients even come from MD and VA into DC for traditional UV tanning, UV Free (Spray) Tanning, and Custom Air Brush Tanning. Close access to metro allows them to cater to clients from all over the DC Metro area with ease!

The tanning salon is one of few in the market that offers Custom Air Brush Tanning, both at the salon as well as on-site services wherever the client may be in need. The Custom Air Brush service has been extremely popular and they do such a great job that the business secured a contract with the Washington Wizard’s Dance Team! A new active owner operator can exploit the business name, reputation and work performed for the Wizard’s Dance Team to get in the door of other local sports teams and performers that could benefit from the service to increase revenue and cash flow.

The current owners are the original owners of the business. They have thoroughly enjoyed owning and operating the business, but their full-time careers have taken off which has led them to sell their business. The salon is priced to sell at a fraction of the original start-up costs, so if you like having fun and making money, then this is the business for you!

Detailed Information

Location:
Washington, DC
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in a historic mixed use building with street visibility just blocks away from a huge venue. Lots of offices and residential surrounding the business with two condo buildings right above the business with 300+ units. The location was recently repainted and has a very nice modern, relaxing feel. The 1300 sq ft space is leased for approx. $9739 per month.
Competition:
Minimal direct competition as there are only 2 or 3 Tanning Salons in DC, none of which directly compete due to the dense population. There are several tanning salons outside of the city, but they aren’t considered competition as they serve different demographics and customer bases. The business even has a large number of clients that come from MD & VA to DC for quality tanning and sunless tanning from customer air brush tanning and spray tanning.
Growth & Expansion:
The business can easily be grown by establishing and implementing an ongoing marketing campaign to increase awareness of the location and services, specifically the UV Free and Custom Airbrush tanning and mobile spray tanning which isn’t offered by other salons in the local market.
Financing:
Available depending on the final purchase price, terms, and qualifications of buyer.
Support & Training:
Sellers will provide necessary training and support.
Reason for Selling:
Retiring from industry. Owners are focusing on full time careers.
Business Website:
http://www.horizonbrokers.com
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(from currently available funds)
 
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Dustin Zeher, CBI

Business Listed By:
Dustin Zeher

Horizon Business Brokers, LLC

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