Established Tanning Salon

Rhode Island

  • Asking Price: $50,000
  • Gross Income: $165,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #201499
  • Established: Not Disclosed
  • Employees:

Business Description

This tanning salon is very well established in the local market and is considered the dominate tanning salon in its area sitting on the border of two towns. The salon has a beautiful decor and build out that you would expect from a high end salon. In addition it has a great visible location in a busy shopping center.
The Salon Boasts, some of the newest/nicest late model Ergoline Tanning Equipment available in the tanning industry. The cost alone to duplicate and install new similair equipment is estimated to be over $200,000, without considerations for build out or goodwill.

The salon has great opportunity to market itself to the local college students which do match the target demo perfectly.
This salon could greatly increase revenues by implementing a successful EFT program (the salon has no EFT program at this time). Many salons on this very site show they have significant sales via EFT, sometimes into the hundreds of thousands annually.
The salon could benefit from an automated spray tan option (it already has an Air Brush Option) such as a mystic tan or versa spa booth. Some salon owners have claimed as muchSa as a 1/3rd, of there business has came from such UV free booths.

Itemized Equipment included
1 Open Sun1050 with about 2,000 hours on it.
2 Excellence 800’s with about 6,000 hours on them.
3 Advantage 350’s with about3,500 hours on them.
5 Ambition 200’s with about 2,500 hours on them.
1 Fit Body Wrap System
1 Airbrush Spray Tan Machine in room with fan wall.

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 $150,000.

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.

Business Details

Primary Business Category: Services - Other Services
Location: Rhode Island

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $50,000
Gross Revenue: $165,000
EBITDA: $100,000
Seller Financing Available: Yes

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Business Listed By:

Adam Co

self employment partners