Newly Renovated Tanning Salon For Sale

Business description

This Immaculate " Newly Renovated Tanning Salon" is presently operated "Absentee.” The Gross Sales are still climbing and the purchase includes all of the equipment and its own “Web Site.” It has “New” electric upgrades, tanning bulbs, tile floors, bathroom, carpeting, awning and all new paint. It has been an established tanning salon for over 20 years. The Salon is 1200 sq. ft. with a Front Counter /Display Area with a Comfortable Waiting Room, a Private Office, Bath, Utility Room with a Washer & Dryer. All in all it has a total of 8-rooms with 4-tanning beds, 1-Mystic spray booth, 1- perfect 10 stand-up tan unit, 1-Facial unit, all units with tan counters in each room and a computer with the “Sun Plus Program” installed to keep track of sales. The 2-additional rooms can also be used for Tanning Beds or possibly massage therapy rooms. It has a 9-yr Lease at only $2,825 per month. Typically it costs $175,000-$200,000 to build a fully equipped Tanning Salon. With all of the upgrade expenses all ready paid for, this salon should net approximately $27,000 per year absentee with an additional $13,000 -$20,000 if you work it part time, thus producing a net of $40,000-$47,000 per year.
Save approximately $80,000 and “Buy This Up-Graded Tanning Salon.”

Property information

Lease terms:

It has a 9-yr Lease at only $2,825 per month.

Location:

1200 sq. ft. with Front Counter, Office, Bath, Storage room, 7 Tanning Rooms & a Seating Room. 4-tanning beds, 1-Mystic spray booth, 1- perfect tan stand-up, 1-Facial unit, plus 2-vacant rooms.

Other information

Expansion potential:

This business is run totally absentee and has plenty of room for growth. Sales have increased during the present ownership

Support & training:

Yes

Reasons for selling:

Seller has other interests

Trading hours:

Open 7=days, 10AM-10PM

Financing available:

Seller would prefer a cash out offer

Furniture / Fixtures value:

$125,000