Highly profitable Ultra-Modern tanning salon business with a high volume consistent income in Erie County, New York state. The owner is retiring from the industry after years of ownership. The business has a dependable gross income of $436,000, a yearly net income of $96,000 and the price has been set at fair market value with owner financing. The sale includes a long term commercial lease at a modest monthly rent. The sale includes a large assortment of state of the art tanning equipment including, POS system, counters, shelving and various equipment required for this particular industry. The building has a capacity for 46 customers, on one main floor with no basement. This seven day retail business requires 2 full time employees, presently unaware of the pending sale and fully expected to remain post closing, monthly payroll of $3,250. This business has substantial municipal parking on site and nearby to the facility. The business is operational seven days weekly with hours from 9:00 am to 9:00 pm. The business has a municipal certificate of Occupancy to conduct this service at this particular commercial location. The business has a 2 + 10 year commercial lease, expires, 2025/01/01 with a monthly rent of $3,100 and rental security of $3,100. This beautiful salon combines a stunningly attractive space with the world's best tanning equipment and service. Their customers are personally greeted by friendly, knowledgeable staff and treated to the best amenities available in the industry. Whether you're looking for a sun bed, standup or spray tanning, you'll love the relaxing experience and the incredible bronze result. The company’s goal is simple, they want to be the highlight of your day and promise a clean, comfortable environment; top-notch equipment; good value; friendly, knowledgeable service; and the little extras that help you look good outside and feel good inside. This is an excellent investment with your down payment returned within sixteen months of purchase. Based on the asking price, required down payment and net income this business transaction will supply a 40% return to the owner operator prior to debt service.
Inventory:Included in asking price
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities: The facility consists of 4,400 square feet in an ultra modern setting and designed for the customer’s best use and comfort. This salon has private areas for individual service and to best service each of its customers. This facility has a beautiful entrance with private seating with a large entrance counter for immediate customer service. This business is located in a wonderful urban city with a substantial population and services various communities in the area that require this personal service. The site is in a commercial part of the city with various businesses that attract daily shoppers / workers.Competition: This specific area does not have any immediate competitors and the seller has agreed to supply an appropriate non-compete agreement to the new operator.Growth & Expansion: The owner works part time, with on site ownership and an improved marketing plan the salon can continue to develop representing a higher net profit to the owner operator.Financing: Seller financing available to qualified buyers.Support & Training: The seller will remain post closing and supply an appropriate transitional period.Reason for Selling: Retiring after many years of success in this service industry.
This listing is provided by capital partners, the price you see above of $50,000 is the minimum cash down payment, in addition to that capital partners will retain a % of sales if you buy the business, capital partners are a free service to all sellers. The original asking price is $225,000.
Only the minimum down payment is $50,000. Capital Entrepreneur partners will retain a % of ongoing sales and will help you attain financing and specialize in buyers with awful credit, we also have several other business listings you may be interested in.