ENLIGN Business Brokers Coordinates Sale of Sunnyside Tanning Salons


ENLIGN Business Brokers Coordinates Sale of Sunnyside Tanning Salons

RALEIGH – ENLIGN Business Brokers has acted as intermediary in the sale of both Sunnyside Tanning locations. ENLIGN, representing the sellers Kenny Garman, Kara Garman, and Debbie Liddell, prepared a buyer’s information packet, provided a brokers opinion of value, worked with the sellers to determine an appropriate asking price, listed the business online, pre-qualified potential buyers, represented the sellers in pre-offer discussions, assisted in the negotiation of the terms of the transaction, drafted closing documents for client review and performed the closing.

ENLIGN marketed the opportunity with the nine top online business listing services including (www.BizBuySell.comwww.BizQuest.comwww.BusinessBroker.netwww.BizBuyerMatch.comwww.IBBA.orgwww.SellerWorks.comwww.GlobalBX.com,www.USABizmart.com and www.AmericanBusinessBrokers.org). Additionally, the opportunity was posted on the company’s Web site, www.enlign.com.

Sunnyside Tanning Salons operate two locations in Cary and Holly Springs, NC consisting of 10 and 11 beds respectively offering spray tanning and tanning products for retail sale. Opened in 2000 the sellers were pleased with the transaction and excited about the companies future prospects for it’s new owners.

“Our business that sold consisted of three partners. Each partner was going in their own […]

April 4th, 2007|

ENLIGN Signs Multi-Location Tanning Spa Client

ENLIGN Business Brokers has been selected to provide valuation, marketing and listing services by the owneship group of a profitable and growing multi-location Triangle area Tanning Spas and Salons. Tanning is a six billion dollar per year industry. ENLIGN has performed a professional business valuation report for each location to establish a competitive market price and will create a buyers information package, provide online marketing services, list the businesses for sale, and represent the seller in talks with potential buyers.

One location is valued at $185,000US based on seller discretionary cash flow multiples equal to the industry average. The other location, which has just completed it’s first 12 months of operations is valued at $160,000 based on a combination of actual 2004 Seller Discretionary Cash flow multiples equal to the industry average, current asset market value, and conservative 2005 sales forecasts.

In marketing these opportunities to potential buyers, ENLIGN will provide professional marketing and listing services across five online business broker listing sites to maximize exposure. ENLIGN has affilaited with the top five online listing sites and also lists on the companies own website, www.enlign.com . Clients state that ENLIGN provides wider exposure with a professionally prepared message that reaches qualified […]

December 21st, 2004|