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Tanning Salon For Sale

Monmouth County, New Jersey, United States
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Asking Price$79,000
Revenue$171,073 Established2013
Cash Flow$28,631 Employees2 full-time
FF&E$70,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Tanning Salon priced aggressively sale and located in a highly populated affluent area of Middlesex County, New Jersey. Very exciting opportunity, the owner is presently absentee and has priced the sale based on the asset value of the equipment. This successful Tanning Salon was established in 1984 and is the largest and most modern facility in the area. The business has a 2017 gross income of $171,073 and a yearly net income of $28,631. Their level 3 beds have 8 facial lamps and supply the highest-level equipment including Mystic Spray tanning. With 20 years of indoor tanning experience, they are the premier tanning salon in the County. This luxurious salon is impeccable and includes the newest and best equipment available in the industry. They are proud of the board-certified tanning consultants and airbrush artists, who have a thorough, up to date knowledge of all indoor tanning products and trends. They understand the busy lifestyles of all their clients and are always willing to accommodate their schedules. Their customers are valuable, and they offer dozens of beds and extended hours to provide the best services and experience to all their clientele. The Salon is designed for clients specific tanning needs and skin type, with flexible payment options. This industry does not require government agency approval to purchase. This business has two-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,250. The business has an assignable commercial lease which expires 2020 plus additional options, with a monthly rent of $5,633, cost per square feet and rent security if $8,000. The facility has a legal capacity for 42 customers consisting of 2,600 sq. ft., on one floor. The company assets have an estimated value of $70,000 based the existing assets of the salon. The sale consists of a fully equipped commercial retail business, which includes various tanning beds, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. The business is active seven days weekly with hours from 9:30 am to 9:00 pm. The business has been valued at $79,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:Located in an active upscale area of Middlesex County, New Jersey on a convenient state highway in a large commercial mall with lots of daily shoppers and workers. The center has an excellent location and services various nearby communities with a continued need for personal service. The facility consists of 2,600 square feet in an attractive commercial setting with substantial private parking as part of the lease agreement. The facility has an ultra-modern entrance and waiting area with various private rooms for customer privacy. The facility also has clean modern bathrooms and shower and a great deal of storage.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing for a minimum of 30 days to supply an appropriate transitional period to the new operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:May be considered to a qualified buyer with an appropriate down payment.
Sale Reason:The owner is relocating out of the state of New Jersey.
Ad #100047
Seller Reference #TANN165
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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