First Class Tanning And Nail Salon In Colorado For Sale

Business description

This beautifully decorated tanning salon occupies approximately 1400 sq. ft. in a highly traveled center anchored by a national grocery chain. The area surrounding this business claims a median annual household income of over $100,000. The business has become a popular place for tanning, purchase of tanning lotions, and they have a very loyal client base. This is a stress free business to run and operate, requiring minimal employee training.

Business was opened in 2001 and the current owners significantly upgraded the tanning equipment when they purchased the business. They have one Level 4 bed, 5 level 1 lay down beds, 1 level 2 bed, 1 stand up Level 3 high intensity bed and 1 turbo bronzer spray on tan machine. In addition to the equipment upgrades they completely renovated the interior with professionally installed tile, new color scheme including neon lighting, etc.

Recently they added a nail salon as they saw a demand in the area. Response has been overwhelmingly positive.

Price is only $35,000 and take over the existing lease which has less than 17 months left. Price is far less than asset value.

Property information

Real Estate:

Lease

Location:

1400 sq. ft. in a highly traveled center anchored by a national grocery chain

Other information

Expansion potential:

This area continues to be one of the most popular in El Paso County. There are several other new business developments (fast food, banks, etc.) that are bringing new people to the area. The owner is looking at bringing in a nail technician because there is none in the center and there is demand for this service and there is strong cross-over with the client base. A new owner could market the business more aggressively as well and sales should be in the $130,000 range at this location.

Asking Price $50,000 which is far less than asset value alone.

Support & training:

Negotiable as required by purchaser.

Reasons for selling:

The owner’s husband has taken a position overseas and she would like to relocate to be with her husband.

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)