Tanning Salon For Sale

Business description

$200,000 investment for $60,000. This is a prime example to support the purchase of an existing business. The owners are experienced managers of an existing, successful tanning salon in Snohomish County and decided to expand into the Skagit County area. They selected an excellent location with good demographics and in a shopping mall anchored with a well known brand grocery chain store. They did the complete build out from scratch at a cost of approximately $70,000 and it was completed by the partners contracting company to insure it was completed in 1st class condition. They also bought new beds at the tune of approximately $150,000 with a payoff as of 8/1/08 of $50,000 to be assumed by the new buyer at a low monthly rate with refinancing. The first year, rarely profitable, is the building year to establish a clientele base and get the advertising in place. As of June 08, there is a positive cash flow. The hard work is finished, but the toll of managing two locations, having to service the debt out of pocket and the stress of the process can be more than an owner wants to handle, as it is in this case. This is not an unusual case and it is the second owner that benefits from the pioneers labors and expense. Classic. Therefore, why not buy and existing business and invest your time and money into marketing the business with an established cash flow and clientele? It is your choice. If you want to be in the business, this is your opportunity. It you own an existing tanning salon, take the easy way out and put your brand on this location.

Property information

Real Estate:

Lease

Lease terms:

Location wise, the business is in a new shopping center anchored with a QFC and other businesses with lots of parking. The store front is clean and neat and full window walls for viewing inside. The lease space is 1209 SF and they are in their 2nd year of a 5 year lease and they have a 5 year option. Rent is $2241.69 plus NNN requiring 1 month prepaid rent and a security deposit of $2,241.00. Furnishing are new and the décor is very inviting. You can open the door and start your business.

Other information

Expansion potential:

There are many programs out there to help you build your business. One book I recommend is Guerrilla Marketing by Jay Levinson to show you how to get free publicity. Have a plan and work your plan. Depending on your management skills, there is an opportunity to purchase the original salon in Snohomish County. If that is of interest to you, please ask about how you can enter the business with two tanning salons and combine your marketing efforts for both.

Competition / Market:

There is one tanning salon 3 miles away. An effective marketing effort will insure a good business. The area can support two facilities.

Support & training:

Seller will provide 2 weeks of free training for a smooth transition.

Reasons for selling:

Owner has other facility to concentrate on.

Financing available:

Cash at closing

Furniture / Fixtures value:

$108,000

Inventory / Stock value:

$8,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.