Tanning Salon For Sale

New Milford, CT (Litchfield County)

Tanning Salon For Sale
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Asking Price: $104,900

Cash Flow: $50,034

Gross Revenue: $134,657

EBITDA: N/A

FF&E: $85,000

Inventory: $1,000*

Rent: $2,385.90 /Month

Established: 2007

*not included in asking price.

Tanning Salon For Sale

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Business Description

This 1,200 s.f. Tanning Salon has 4 lay-down tanning beds (2 Level 1’s, 1 Level 2 and 1 Level 3). It also has a Stand - up tanning unit (Ultra 10) and a Stand - up Spray Tanning unit.

The business started 12 years ago (2007) with the same Owner who has recently had a child and lives in Milford, CT. This is also the reason she now wants to sell.

This business can be run either absentee, semi absentee or the Owner can work part time or full time allowing for more Owner take home.

Business has an excellent reputation because of its cleanliness, location, great service, and daily advertised specials, mostly Facebook – which probably should be expanded to other social media and even print and radio advertising. New Milford has a popular radio station that has a lot of 2 - for specials from local businesses. This might be a great opportunity for a new Owner to investigate.

Hours of operation are: Monday – Friday 9:30 to 9, Saturday 9:30 to 6, Sunday 10:00 to 3:00. This is a 7day, 71 hour operation. The Owner comes in a does the paperwork and covers the front 1 day/week for 8 hours. Paid labor for the remaining 63 hours. A new Owner can work 40 hours and only have paid labor for 31 hours. Any combination between these could be done. It is even possible to have the Owner work absentee. Every time the beds go on, the software (Helios program) will record as well as the cameras.

Sales in 2016 were +/- $93,166,100,825 in 2017, 103,842 in 2018 and 128,244 is being projected for 2019. The proforma for a working Owner is +/- 134.657.

The net (Owner’s Cash Flow) for a working Owner (working 40 hours) is +/- $ 50,034.

If qualified & with security, the Owner will consider financing up to 50% with 50% down and the balance financed over 3-5 years at +/- 7% interest.

Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request. Detailed financial information showing ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

Attached Documents


Detailed Information

Location:
New Milford, CT
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in southern New Milford, CT. Close to shopping and main thoroughfares. Plenty of parking is available. The current lease is a little confusing. It’s been modified recently to the favor of the tenant. The current rent is $2,385.90 per month including all nets. Rent increases 3.0% per year. A new lease may be written for the new tenant. Space is 1,200 s.f.. Electric is 600 amps.
Financing:
If qualified & with security, the Owner will consider financing up to 50% with 50% d
Support & Training:
Owner will help transition.
Reason for Selling:
Due to family reasons and other obligations, the owner has decided to sell this
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(from currently available funds)
 
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C.J. (Charlie) Vlahos

Business Listed By:
C. J. (Charlie) Vlahos

Blanket Real Estate

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The New York Association of Business Brokers (NYABB).

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