Two Location Tanning Salon

Business Summary:
THE COMPANY This offering is one of Boise’s more well established health salons established in 1979 and under current ownership since 2005. The excellent reputation built over 28 years in the market coupled with professional, experienced staff and convenient hours makes this opportunity outstanding. The company maintains an extensive base of accounts with renewals appropriate to the market. Idaho’s four seasons make tanning almost a necessity for the outdoor enthusiast who will use the salons during the Idaho fall and winter seasons as both a health source and a tune-up for summer months. The salons are open seven days a week. The owners conducted an formal appraisal in 2006 which has an indicted value of $850,000. THE LOCATIONS There are two centrally located facilities with easy access and egress from home or office. The real estate “condo” facility is 2,800 sq. ft. and the second site is a 5,000 sq. ft. rental facility. The current rental is approximately $13.60/psf NNN. Currently the owners pay an additional $48,000 annually for the real estate acquisition which has been “added back” to the discretionary incomes reported. ASSETS INCLUDED This is a turnkey operation to include all real estate, furniture, fixtures and equipment. Also included in the price are all proprietary and trademarked intellectual properties, web pages as well as a residual income (contracts) for a specific number of years. Training for a reasonable length of time is available to a new owner. THE REASON FOR SELLING The owners, a husband and wife team, run the business with one working full time in a larger business. The second partner wishes to be with family and not be the entrepreneur required. THE IDEAL BUYER Sales and marketing orientation is ideal. Health or fitness as a focus would be helpful but financial decisions about the business as an investment leaves the doors open to partnerships or sole-proprietors seeking investments that return reasonable value for the investment. THE POSSIBILITIES The market is somewhat fragmented but only two major competitors exist. Most tanning salons are located for the convenience of the patrons and close to both work and home is ideal. Ease of use, times available and simplicity of billing all create the markets for this company as opposed to the competitions. Many of the “so called” competition are single bed or smaller facility outlets that do not match the interior, décor and facilities offered.