Established & Growing Tanning Salon for Sale

Morris, IL (Grundy County)

Established & Growing Tanning Salon for Sale
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Asking Price: $52,000

Cash Flow: N/A

Gross Revenue: $78,525

EBITDA: N/A

FF&E: N/A

Inventory: $3,000

Rent: $1,200 /Month

Established: 1994

Established & Growing Tanning Salon for Sale

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Business Description

Established & Growing Tanning Salon is ready for it's next Owner!!!

Tropical Tiki Hut is an established well proven tanning salon that has been in business for 20+ years!! Fantastic opportunity with client base, exceptionally well maintained salon, and all fixtures included along with computer with business software. It is a well known business in the community. In the past 2 years 9 new beds have been added, bulbs changed on the remaining 3 existing beds, sunless and sauna services added!!! Everything in the building is included: All Tanning Beds, established client base, washer, dryer, refrigerator, computer, cash register, credit card machine, printer, stereo, extra bulbs, inventory, spray tan equipment, supplies, decor, removable walls, furniture, 2 AC units, furnace, nest thermostat, and hot water heater (new - 2017).

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
4
Facilities:
Building lease terms negotiable. Current monthly rent is $1200.
Competition:
Owner has had the property for the past 23 months, demonstrated growth for the past consecutive 20 months. YTD 11 months of growth with 10 of those months growth of over 10%+ more over previous year. Money Maker! This salon is 1 or 2 in Morris. Glowing Reviews. Be sure to check out our Facebook page Tropical Tiki Hut.
Growth & Expansion:
Possibilities of adding additional tanning related services, additional product lines, or compatible services (etc: beauty salon, nails, massage etc.)
Support & Training:
Tropical Tiki Hut is a Smart Tan Certified Salon. Current owner is willing to stay on for an extended time period (will determine) to assist with setup & transition to new owner.
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Business Listed By:
Amanda Grzywa

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