MergerPlace

Tanning Salon and Boutique

Utah


  • Asking Price: $110,000
  • Gross Income: $131,000
  • Cash Flow: $53,000
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $23,000
  • Listing ID: #225002
  • Established: 2013
  • Employees: 1 FT / 2 PT

Business Description

This Tanning Salon and Boutique is family-owned, focused on providing safe, comfortable and affordable services as well as locally-sourced products. The owners take great pride in the level of service they provide and the reputation and loyal customer-following they're building on a daily basis. Pride of ownership and long-thinking business sense is apparent in everything they do.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Utah

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 2 PT

Financial Information

Asking Price: $110,000
Gross Revenue: $131,000
Cash Flow: $53,000
FF&E: $23,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

Located in approximately 1,200 square ft of retail space in a well laid-out retail development that's primed for significant growth for an extended period. Excellent visibility on a easily accessible highway that carries roughly 30,000 vehicles / day. Location is mid-way between two solid, relatively upscale and fast-growing communities. Surrounded by complementary business.

Growth & expansion opportunities:

This business is located between two thriving, relatively upscale and fast-growing bedroom communities. As far as future growth potential, this is one of the prime locations in Northern Utah.

Competition:

As an industry, annual growth is projected to be just under 5% for the next 5 years. The quality of their facility and equipment compares very favorably to competitors in every aspect. The current prices are slightly below nearby competitors leaving them some pricing flexibility, if needed.

Reason for selling:

Business is family owned and operated. They have multiple, competing opportunities.

Support & Training:

Will train for 4 weeks @ no cost This business has provided UV tanning, custom airbrush tanning and nail services (booth rental for licensed nail technicians) for years and they have just recently introduced red light therapy. They also sell high-quality products with a focus on locally-sourced products where possible. No special skills or licenses are required to run this business.

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Business Listed By:

Richard Lundquist

Murphy Business Brokers