MergerPlace

Tanning Salon in Great Location

New Jersey (Monmouth)


  • Asking Price: $99,000
  • Gross Income: $184,834
  • Cash Flow: $21,799
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $216,510
  • Listing ID: #212188
  • Established: 2004
  • Employees: 7 PT

Business Description

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 or expanding/diversifying an existing business. Strong POS system helps you manage remotely.

Low cost - Great opportunity. Seller financing available to qualified buyers with only $50K down!


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: New Jersey
County: Monmouth

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $184,834
Cash Flow: $21,799
FF&E: $216,510
Seller Financing Available: Yes

Property Information

Facilities:

Relaxing upscale environment in high traffic power center. 2000 sq ft well appointed space including 14 rooms.

Growth & expansion opportunities:

The business hasn't been marketed. Large Fitness club is mall could provide additional membership.

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.

Reason for selling:

Relocation.

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.

Contact Business Seller

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Business Listed By:

Russell Miller

Murphy Business Brokers