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Hollywood Tan Salon
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $270000
Net Profit / Cash Flow $65000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1995
Number of Employees 1 - 3
Inventory 125000 Equipment & 1000 Inventory
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will remain post closing and supply a long term transitional period.
Reason for Sale Absentee and involved in an alternative business full time.
Description National Tanning Franchise business in the best area of Monmouth County, NJ. Hollywood Tans recently named the ''Top Tanning Salon Franchise'' Entrepreneur Magazine. This salon has a gross income of $270,000 and a yearly net income of $65,000. Now is the ideal time to own a Hollywood Tans franchise. Currently, 30 million Americans visit indoor tanning salons, spending over $5 billion annually. Hollywood Tans is strategically positioned ahead of this dramatic trend, offering investors one of the most trusted and respected brands in the tanning industry. A straight-forward business model keeping it simple for you & your staff with little-to-no inventory and spoilage or waste, unlike many other franchise opportunities. Pleasant, enjoyable work environment for your employees that results in low personnel turnover. In addition to the business systems, you'll also have access to superior tanning products. Based on the asking price of $85,000, required down payment and net income of $65,000 this business can supply a 70% return to the owner operator prior to debt service. They are the only indoor tanning franchise in North America to manufacture their own line of tanning equipment, salon cabinetry and an extensive line of proprietary tanning lotions all provided to you at wholesale prices. The in-house production facility ensures that the equipment installed in your salon is of the highest quality. The innovative products and services set the standard for all to follow. Without question, a spectacular opportunity! The facility consists of 2,500 square feet in an ultra modern setting with state of the art equipment and decor. The location consists of a beautiful waiting area with private areas and numerous private tanning booths. Located in an upscale community of Monmouth County, NJ on an active county road and in a modern commercial mall. The Salon services a huge number of customers in the general area and throughout the various communities.
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