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High - End, Profitable Tanning Salon For Sale
Location: United States -> Massachusetts -> Somerville
Industry: Hair and Beauty > Tanning Salons




Business Summary

High-end, Profitable Tanning Salon for Sale in the busiest most gentrified square around. It's the only tanning salon in the city and is located in the middle of the college towns of Somerville and Cambridge. Salon includes 11 top of the line, state-of-the-art tanning machines, including 2 booths and 1 MyMyst Mystic Tan spray booth. 7 big Ergoline beds and 4 smaller beds. Everything fully functioning. Turn-key operation.

The salon opened in 2006 with a modern decor and still looks new thanks to some major updates. Brilliant blue carpet in the lobby and hall, and stone look floating floors in the rooms. 2000 sf. Two assigned parking spaces and plenty of street and off street parking. Will train on all systems. Haven't had the proper time in recent years so the business has suffered, see gross revenue figures. With proper attention net profit has exceeded $225,000/yr in one of the last 3 years, and more previously. Can provide all system reports and merchant statements to support...Gross revenues 2013:$339,300 2014:$235,000 2015:$206,000 and 2015:net profit $91,000. Asking $175,000

Valuation: Industry standard valuation formula says this business is priced right at fair market value. Standard valuation = 85% of total revenues or 192% of net profit. Asking $175,000


Financials

Asking Price Range:  < $250K
Gross Revenues:   $206,000
Cash Flow:   $91,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $135,000
Seller Financing:  No

About The Business

Year Established:  2006
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Will support and train on all systems
Reason For Selling:  Custody of two new babies in separation




Print Listing Id: 700260815
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

Also See: Franchise Opportunities > Franchise Resales > Massachusetts Businesses For Sale > Massachusetts Franchises For Sale > Massachusetts Business Brokers



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