Tanning Salon Franchise, Multiple Locations

Tallahassee, FL (Leon County)

Seller Financing Available
Store Front FSU Campus Salon
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Asking Price: $400,000

Cash Flow: $99,458

Gross Revenue: $663,000

EBITDA: $176,085

FF&E: $400,000

Inventory: $3,000

Established: 1996

Tanning Salon Franchise, Multiple Locations

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Business Description

Multiple Established Tanning Salon Franchise

Offering Price Just Reduced!!
2 Money Making Locations in Tallahassee Fl, with 3rd location planned for next owner. Price will increase when 3rd location opens. Annual Gross Rev $663K and growing!

South Beach Tanning Salon 2 Franchise Locations. Current Owner has operated Tanning Salons in Tallahassee since 1995 and at one location since 1999. In 2013 I converted independent salons to the best Fl based Franchise, South Beach Tanning Company. In Dec 2017 I bought out another Franchise Competitor's and merged Location to the Publix Ocala Corners Shopping center "Club Pub" to the FSU Students, a 3,000 sqft Location with 18 Tanning Units & 3 VersaSpa Pro Spray Tan units to dominate the College Market. These locations are virtually absentee owner operated with Franchise Corp Bed Tech on call to service all lamp changes and repairs when needed. Cost to open a single South Beach Tanning Company or any Tanning Franchises range between $350K to $500K.

Locations
• The Business consists of 2 leased facilities in Tallahassee Fl
• Prime retail locations
• Lease Terms: establish as required

Purchase Price
*Offering Price is at 2.8 times earnings $495,000.

Price Validation:
The business is valued based on 2.8 x market multiple for semi passive income of EBITDA With more than $400,000 spent in top of the line equipment, buildout, business reputation and room to grow. This is excellent, passive, expandable income. There is a huge opportunity to grow this Business’s sales, profits and more location. Price will increase when 3rd location is opened!!

Call me for details I am the owner/listing Agent. Broker Compensation given let’s put an acquisition together.

Financial Documents Released with Required Confidentiality Agreement, POF and a PFS verifying $400k of net worth to assume all retail leases per LL requirements.

Call Brian Deen Owner (850) 284-7757 to arrange a visit!
briandeen@southbeachtanningcompany.com

* Information in this profile is assumed to be accurate to best of Seller and Broker’s knowledge. Buyer must verify all information prior to closing.

Detailed Information

Location:
Tallahassee, FL
Inventory:
Included in asking price
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
FF&E, All Assets Currently at each location, over $500K
Competition:
One other competitor with only verticle tanning which we do not consider a direct competitor!
Growth & Expansion:
The 3rd location market has been identified and can be obtained by next owner with discounted franchise fees!
Financing:
Willing to Finance % contact Seller/Owner Listing Agent!
Support & Training:
30 Day Support from Owner & Ongoing Franchise Support & Training for new owners.
Reason for Selling:
Family Medical Reasons.
Franchise:
This business is an established franchise
Business Website:
http://southbeachtanningcompany.com/fsu-tallahassee/
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Business Listed By:
Brian Deen

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