Tanning Spa Established and Profitable in High Growth Area
NCListing DetailsStatus: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $98,500
Cash Flow: $30,815
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Financing/Terms:Seller will consider a very small percentage of seller financing due to below market asking price.
Reason for Sale:Divorce
Training:Sellers will provide 1-4 weeks of training/familiarization as needed/requested by buyer. This locati
OperationsYear Established: 2000
Last Acquired: 2006
Form of Ownership: S Corp
Employees (full-time): 4
Business Description:This Premium Tanning Spa is regarded as the best in the area. 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 1,800 active members and 3,600 total! 50% client retention over 4 years in high growth/moderate turnover community is outstanding. 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. Don't wait until busy season to look! NOW is the time to position yourself and your future in the $6 BILLION tanning industry before the tanning rush. This business is professionally represented by Enlign Business Brokers in Raleigh, North Carolina. Potential buyers will be required to: 1.Sign a Non-Disclosure Agreement (NDA) 2.Sign a Sellers Representation Agreement (SRA) which states that the potential buyer acknowledges that Enlign is working as an Agent for the Sellers. 3.Provide source of funds to purchase. If this business meets your search criteria please contact Jeff Snell at Enlign Business Brokers.
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!
LocationSquare Footage: 1600
Last Updated: Feb 4, 2020 / 9:45 PM
Financial Information Current As Of: Jul 23, 2013 / 2:17 PM