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Advert Details
Tanning Salon Established 9 Years For Sale
(Ref: 9282DY)
West Midlands, United Kingdom
Financials
Asking price: £35,000
Sales revenue: £42,100
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed
Business description
Advent Business Sales is pleased to have been instructed to offer to the market this well established and profitable tanning salon.
Established by the vendor 9 years ago, it is now being reluctantly offered for sale to enable him to follow an unrelated business venture.
The salon is well maintained and decorated to a high standard with air conditioning and laminate flooring throughout.
The business has an excellent local reputation with many customers returning on a regular basis the whole year round.
The salon has 3 vertical award winning Tansun Symphony sun beds and a horizontal Rhapsody sun bed and all are in excellent condition.
New business is generated from the location with a highly visible frontage and by personal recommendation and word of mouth.
This is an ideal first time business.
REF: 9282DY
Employees: The salon is staffed by the vendor full time with the assistance of 2 part timers who each work approximately 16 hours per week.
Trading hours: Mon - Thurs: 10.00am – 7.00am
Fri - Sat: 10.00am – 6.00pm
Property: Leasehold
Lease terms
TENURE: Leasehold
Original lease:
Remaining lease: Expires Jan 2010
Rent: £4,100 PA
We are advised that the annual business rates are currently: £800
Location
The salon is situated on a main road within a mixed residential & commercial area with large volumes of passing traffic.
There is excellent free of charge car parking all around the salon and in a large supermarket car park opposite.
Nearby towns include Dudley, Stourbridge and West Bromwich.
Expansion potential
There is excellent scope to increase turnover and profits by:
1. Opening longer hours including Sundays.
2. A new owner could full time and save on staff wages
3. Apart from tanning, the business could operate a nail bar for which there is space and demand.
4. The business could advertise and have its own website.
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