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Tanning Salon With Great Clients

Monmouth County, NJ

Seller Financing Available
Tanning Salon With Great Clients
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Asking Price: $49,000

Cash Flow: $21,799

Gross Revenue: $184,834

EBITDA: N/A

FF&E: $216,510

Inventory: N/A

Established: 2004

Tanning Salon With Great Clients

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Business Description

Price Reduced! TurnKey or rebrand! Incredible location...

This well-established, absentee-managed, tanning salon uses state-of-the-art equipment and tanning techniques. Located in an upscale community and has a long term membership base. The menu of packages available makes this very affordable for everyone! Includes UV & sunless & red light therapy. Spray tans and air brushing. All equipment has been updated.

The salon offers 8 lay down beds; 3 UV stand ups; 2 stand up mystic tan spray booths and 1 air brush room. All equipment is owned and included in the price of the salon. Equipment alone is worth $100,000. The build out was over $ 150,000 and the place looks great.

The business is seeing year over year growth and is looking to continue growing in 2019.
The clients are older which makes them more reliable and consistent. This is a turn-key business with strong upside for an owner operator

Low cost - Great opportunity. Seller financing available to qualified buyer.

Detailed Information

Location:
Monmouth County, NJ
Employees:
7 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Relaxing upscale environment in high traffic power center. 2000 sq ft well appointed space including 14 rooms.
Competition:
There are 3 other tanning salons with in 3 miles. This location opened as a franchise in 2004 and was purchase by the current owner in 2012. The seller chose to rebrand and not continue as a franchise. The POS system and client data is from 2004.
Growth & Expansion:
The business hasn't been marketed. Large Fitness club is mall could provide additional membership.
Financing:
$10k down/$39k for 12 mos. @ 6%.
Support & Training:
Will train for 4 weeks @ $0 cost. Little skill required. General management skills. Managers have Smart Tan Certification which helps keep insurance rates low.
Reason for Selling:
Relocation.
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Cheryl Venezia

Business Listed By:
Cheryl Venezia

Murphy Business Sales

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Sponsoring Broker:
Russell Miller

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