Business Summary:
Great opportunity to own a unique tanning salon strategically situated just inside the front door of a high volume sports club and gym, which is located in an upscale community in Monmouth County. Constant gym traffic brings exposure throughout the day. As the client enters the salon they are greeted by a large open lounge area with comfortable couches, flat screen TV and WiFi, creating a Spa like atmosphere. Ten individual private rooms surround this central area eliminating hallways.
The equipment originally was purchased new and is 4 years young, with 8 tanning beds, 2 stand up tanning units and a stand up spraying system that enables clients to tan quickly without using the beds. The salon is meticulously maintained and additionally sells tanning products and accessories. It currently has 350 members with a database of 6,000 customers which represent a marketing opportunity for the new owner. Owner is selling due to health issues and is motivated to sell.
The business is offered at $68,000 with a down payment of only $42,000 and the Seller will finance the $26,000 balance over 4 years at 5% interest. Price includes all the equipment with a replacement value of $85,000. The cash flow has been adjusted for a full time owner operator.
For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
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