MergerPlace

Well Established Tanning Salon

Minnesota (Carver)


  • Asking Price: $18,000
  • Gross Income: $37,110
  • Cash Flow: $1,425
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $29,300
  • Listing ID: #204324
  • Established: 1985
  • Employees: 2 PT

Business Description

Tanning Salon on busy road with lots of potential. Equipment and facilities are in top notch condition. Current owner has been in the business over 30 years and has made this a truly turn-key operation. This is a great opportunity for the person who wants a turn-key salon, or for someone who wants to expand a salon that is already well established.


Business Details

Primary Business Category: Services - Other Services
Location: Minnesota
County: Carver

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 PT

Financial Information

Asking Price: $18,000
Gross Revenue: $37,110
Cash Flow: $1,425
FF&E: $29,300
Seller Financing Available: No

Property Information

Facilities:

Located on a very busy highway entering the Twin Cities metro area, this salon has an excellent location as far as ease of access and traffic count. The interior of the salon has been laid out nicely to utilize the space efficiently. The space was built out for this salon, so all utilities are set up for the tanning operations. The salon has lots of character and a welcoming atmosphere. The leasehold improvements are owned by the business and go with the business sale.

Growth & expansion opportunities:

The salon currently has spray tan equipment that is not being used which, if utilized, could bring in new customers or offer current customers more options. There is space to set up additional display areas, so more products could be brought in to sell. Also, extending hours of operation could make the service more convenient for new customers.

Competition:

This operation differentiates itself from competitors by not pushing package deals, but instead offers flexible, shareable tanning options that are easy to use. Customer service and satisfaction are top of mind for this salon.

Reason for selling:

Owner is retiring from business.

Support & Training:

Will train for 2 weeks @ no cost This tanning salon provides traditional tanning salon services, including multiple levels of tanning options. In addition, the company sells tanning related products for consumer use. Continuing the excellent customer service this salon offers will be essential for the next owner.

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Business Listed By:

Jacob Petersen

Murphy Business Brokers