Business Summary:
This entry level tanning salon is one of Gresham’s most established indoor tanning facilities. The salon boasts a number of low pressure tanning beds, all of which are fully paid for, and has consistently posted attractive profits for years. The salon, which is ideal for either a working owner – operator who seeks to implement their own improvements and/or complementary services to boost sales even further, or the absentee owner who seeks a low hassle low cost passive investment, is completely absentee run.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors.
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| Year
Business was Established: 1988 |
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| Number of Employees:
5 |
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| Facilities / Terms of Lease:
This large 3,250 sq. ft. location leases for only $4,125 per month, on a lease until January 2010 with the potential for additional options. All of the equipment is paid off and will be included in the sale. |
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| Potential
Growth/Expansion:
This low cost operation has many avenues for revenue growth or even further cost reductions. New owners will likely seek to offer higher dollar sale tanning options such a medium to high pressure beds, a customized spray tan or a spray tan booth option, a stand up spray tan unit, or complementary services such as massage, photo-facials (landlord permitting), etc. New owners may also seek to capitalize on the space via expanding the retail offering into clothing, swimsuits, or other similar products, or eventually cut costs altogether by working at the location, sub-letting space to service providers, or eliminating 50% of the floor space (the lease is for two 1,500 sq. ft. units), and maximizing space efficiency and bed utilization. |
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| Competition:
This well established indoor tanning facility has managed to carve out and sustain a unique market niche. The smoothly run operation offers its clients a low cost, no frills tanning product at an unbeatable price. While new salons with high overhead structures have moved into the market, they have had little impact on this salon’s profitability. In fact, with the economy where it currently is, this location has noticed an influx of returning former clients that may have opted for costlier salon’s in years past. |
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| Reason for selling:
Moving |
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Seller Reference Number: PortlyTan
BusinessMart.com Listing Number: 44127 |
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