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Exclusive Tanning Spa Rapidly Growing and Profitable High Growth Area
Listing DetailsStatus: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $150,000
Cash Flow: $57,182
Inventory: $750
Inventory Included: No
FF&E: $61,100
FF&E Included: No
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:
Sellers will consider a small percentage of owner financing due to reduced listing price.
Reason for Sale:
Divorce
Summary
Business Description:
This premium Tanning Spa is regarded as the best in the area with very little competition and no direct competition. With a convenient, high traffic location this spa offers the newest beds (including medium, high intensity, and super high intensity/high pressure) as well as a stand up tanning booth and spray on tanning room. This full service location is extremely clean and inviting. Loyal employees have long standing relationships with clientele with 1,200 active members in first year!! Additionally, current owners and employees have industry certifications and are active in manufacturer and industry organizations recently featured in major trade magazine as one of the best operated tanning spas in the US (not paid placement). Clients have access to high end, name brand tanning products including accelerators, moisturizers, protective eyewear, and refreshments. Average per customer retail sales exceeds industry averages. Entire facility is computer connected allowing minimal staffing requirements. Greet clients, set bed times, record retail and membership sales, and perform accounting functions from one console. Turn key operation with proven track record. This is an opportunity to purchase a profitable and successful business (one or two locations) which is fun to own with all the best tanning related offerings. The busy season is just starting! NOW is the time to position yourself and your future for the tanning rush.
Competition:
New equipment, variety of bed intensity and type as well as spray on tanning keep this business hopping. Clients choice in tanning spas is largely driven by location which is one of this businesses strengths. Other important factors are cleanliness as well as the staff's ability to make clients feel welcomed and comfortable - two more areas this business excels.
Potential Growth:
Sellers believe that if the new owners desire higher volume that targeted marketing (that they have used successfully in the past) would again be extremely successful. Lease extension option insures business continuity. Established business in high growth area provides opportunity for continued success. No negatives here. SELLERS OWN TWO LOCATIONS AND WILL SELL ONE OR BOTH OFFERING EXCELLENT ADDITIONAL GROWTH OPPORTUNITY!
Location Last Updated: Jan 6, 2016 / 12:40 PM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM