High Volume Tanning Salon
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $303000
Net Profit / Cash Flow $150000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1995
Number of Employees 4 - 5
Inventory 175000 Equipment & 2000 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will remain post closing and will supply a long term transitional period.
Reason for Sale The seller is retiring after many years of success in this particular industry.
Description Super High volume ultra modern Tanning Salon located Hunterdon County, NJ on an active county road. The business has a gross income of $303,000 and will evidence $150,000 as the net yearly income. Based on the asking price, required down payment and net income this business should supply a 100% return to the owner operator prior to debt service. The company was established in 1984 and their facility is the largest and most modern in the area. The Salon is different than the normal Tanning Salon because, they offer months, EFT contracts and something we call tanning dollars. The Salon is known for the quality and value it gives to its customers. They do not use the session system, they use a dollars system, so if you tan a fraction of a session, you only pay for the amount of the session you use. Unlike their competitors they change their bulbs regularly so you get the maximum tan from each session. Whether you want that just off the beach look or a sun-kissed glow, this Salon features the latest in state of the art indoor tanning systems. The building has a capacity for 42 customers, 2,500 sq ft, on one main level. The salon has a full staff of experienced employees who are unaware of the pending sale and expected to remain post closing. The salon location has substantial private parking is on the site and part of the lease. The business is active seven days per week with hours from 9:30 am to 9:30 pm. The business has a municipal Certificate of Occupancy to supply this service. The business has a ten year commercial lease with a monthly rent of $3,800. They have a full range of equipment, from their relaxing 20-minute beds to quick- bronzing 10-minute beds including the options of special facial tanners, shoulder tanners, and more. Super opportunity!
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