Price Reduced Unique Tanning Salon In Monmouth County For Sale

Business description

Great opportunity to own a unique tanning salon strategically situated just inside the front door of a high volume sports club and gym, which is located in an upscale community in Monmouth County. Constant gym traffic brings exposure throughout the day. As the client enters the salon they are greeted by a large open lounge area with comfortable couches, flat screen TV and WiFi, creating a Spa like atmosphere. Ten individual private rooms surround this central area eliminating hallways.

The equipment originally was purchased new and is 4 years young, with 8 tanning beds, 2 stand up tanning units and a stand up spraying system that enables clients to tan quickly without using the beds. The salon is meticulously maintained and additionally sells tanning products and accessories. It currently has 350 members with a database of 6,000 customers which represent a marketing opportunity for the new owner. Owner is selling due to health issues and is motivated to sell.

The business is offered at $68,000 with a down payment of only $42,000 and the Seller will finance the $26,000 balance over 4 years at 5% interest. Price includes all the equipment with a replacement value of $85,000. The cash flow has been adjusted for a full time owner operator.

For more details call Paul Holveck at Executive Business Brokers.

Property information

Premises details:

Four years young facility with originally purchased new equipment and build out. Located inside high traffic fitness center with 10 individual rooms, unlimited parking

Other information

Expansion potential:

Develop special marketing plan for fitness center members. Initiate marketing campaign within existing member database.

Competition / Market:

The only tanning salon in the town

Support & training:

Up to 4 weeks

Reasons for selling:

Cannot work in the business due to health problems

Trading hours:

Mon-Fri 10am-8pm, Say 9am-5pm, Sun 10am-4pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

$30,000 payable to Seller over 4 years at 5% interest

Furniture / Fixtures value:

$85,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)