Hot Tanning Salon - Passive Profit
Location:
United States
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Georgia
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Gwinnett
Industry: Hair and Beauty > Tanning Salons
Business Summary
This tanning salon is an excellent business investment for anyone who wants to make some money as an absentee owner while having fun and the opportunity to grow. The business makes money and is a top of the line, easily run and easily managed. The tanning salon is part of a franchise chain located in metro Atlanta, where there is considerable population growth.
The business started in 2003 and the owner now wishes to phase out of the tanning industry as he devotes time and money into his other companies.
Annual sales are approximately $150,000 with owner's discretionary cash flow approximately $45,000. The salon has 12 quality tanning beds, 1 stand up and 1 Magic Tan Spray Booth.
Investment Highlights:
- A passive, fully operational, profitable and secure business.
- High quality tanning beds, furniture and buildout.
- Excellent employees.
- A steady base of regular customers.
- Tanning season 2007 is coming >> profit-profit-profit.
FACILITY:
Excellent Location - The tanning salon operates from a 1,400 square feet leased space in a busy, high traffic Publix shopping center located in Gwinnett County, GA.
Monthly Rent: $2,600.00 GROSS (includes CAM, tax, insurance).
Lease Terms: Five Years starting 2003, with options to renew.
PURCHASE PRICE AND TERMS OF SALE:
Asking $275,000.
The Company is priced based on its cash flow under passive ownership, security of income, fantastic location and ability to grow, as well as the time and establishment costs to build this business.
MUST SEE! Email or call Priority Business Acquisitions, Inc. at (770) 932-6122 for more information on this Tanning Salon for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$150,000
Cash Flow:
$45,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $150,000
Seller Financing: Yes
About The Business
Year Established: 2003
Number of Employees: 1 - 3
Relocatable: No
Franchise: Yes
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks included.
Reason For Selling: Divestiture.
Click on the "I'm Interested" button above for more information on this Hair and Beauty > Tanning Salons business for sale.
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Print Listing Id: 70052268
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