Suntanning Franchise! Corporate Owned! Profitable!Established!

Somerville, NJ (Somerset County)

Seller Financing Available
Suntanning Franchise! Corporate Owned! Profitable!Established!
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Asking Price: $515,000

Cash Flow: $217,000

Gross Revenue: $445,000

EBITDA: N/A

FF&E: $35,000

Inventory: $14,000

Rent: $2,600 /Month

Established: 2014

Suntanning Franchise! Corporate Owned! Profitable!Established!

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Business Description

Walk into this established suntanning and spray tanning business that offers lifestyle and income! This is a franchise Corporate owned location that operates with systems and procedures in place, and training from the franchise is included with the purchase . Offering an upscale tanning experience with high level customer service. Located in a strong demographic, offering protected territory from the franchise. Features 8 tanning rooms, and one spray tan room. Great landlord. Ample parking. Franchise fee included in price.
Full franchise term awarded. Owner to verify revenue and income. It's a must see!!

Detailed Information

Location:
Somerville, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
6/3/2020
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1200 sq. ft fully equipped with tanning beds, tanning booths, spray tanning equipment. Inventory of skin care products for use and for sale. Decorated and branded by the franchisor. Turn Key! Landlord will write new lease.
Competition:
Business has great longevity in the community. Branded as a franchise which adds credibility. Not much competition. Tanning is one of those staples in a community, but not with too much competition. It has become a specialized spa necessity for those who don't want to take time in the sun.
Growth & Expansion:
New owner could do more community networking. New owner could work with the franchise on suggestions they may offer to a hands on owner. Business is currently run by staff members with no owners on site for the day to day
Financing:
to qualified buyer only
Support & Training:
Franchisor will train as per the FDD. Training is the same as a new franchise location
Reason for Selling:
Corporate Store To Focus On Franchisee Support
Franchise:
This business is an established franchise
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Debbie Dolan

Business Listed By:
Debbie Dolan

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