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Asking Price$250,000
Revenue | $302,413 |
Established | 2005 |
Cash Flow | $89,760 |
Employees | 1 full, 2 part |
FF&E | $299,100* |
Franchise | No |
Inventory | $2,851* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Equipment and startup costs over $300,000 along with inventory and buildout are included in this sale. With solid name recognition and an upscale location this boutique tanning business offers exceptional services at an above average price point. The cost of a tanning bed ranges from $8,000 to $40,000 with the average being $23,000. This opportunity enables a new buyer to avoid incurring startup expenses, effort and time but to realize profitability and growth right away. A new owner could put 10% of purchase down [$25,000] and it would be nearly the same price as one high-end bed. Attracting an upscale West Omaha client demographics services provided include UV free tanning, heated sunless airbrush application and spray tanning by utilizing 11 high quality tanning beds and equipment. Clients are able to customize their experience with the recent addition of spray tanning which provides growth opportunity to promote these new offerings and increase sales. Current location has been open since 2012 and boasts 18 client rooms, 3 of which could be used for expanded services. Current marketing focuses on daily specials, monthly and seasonal promotions as well as a website and an online social media presence. The current owner has lived in Arizona since February 2015 and is running the business 100% absentee.
Financial Overview List Price: $250,000 Gross Sales 2014: $302,413 Owner Profit/Cash Flow 2014: $89,760 YOY Growth/Sales Trends: 3 Year Consistent Profit Margin Profit Margin: 29% Multiple: 3.25 *Multiples range from 1-5, with the average being 3 Valuation: 2014 Cash Flow x Multiple = Price $89,760 x 3.25 = $291,720
Assets Included in Purchase: $601,951 Build-Out & Startup: $300,000 Inventory: $2,851 Furnishings, Fixtures & Equipment: $299,100 11 Tannings Beds $259,740 Furniture & Artwork $6,447 Media: TV, Sound Systems $5,868 Tanning Bed Bulbs $10,593 Washer, Dryer & Water Heater $10,805 Software $5,645
*amounts may vary Business Information Year Established: 2005 Location and Service Area: South West Omaha Facility: Relocated to new 3,300 sq ft facility in 2015 Clients: High-end upper class clientele Services: Highest quality tanning beds, spray tan & heated sunless airbrush, UV free tanning Reason for Selling: Moving Employees: 1 Full-time, 2 Part-time Hours: M-Th 9am-9pm, F-Sat 9am-6pm, Sun 11am-5pm Seller Training Period: 30 days or more if needed Growth Opportunity: Recently added spray tan services, continue promoting Current Owner’s Responsibilities: Marketing, scheduling, some bed re-lamping, airbrush tan applications: less than 15 hours per week
Facilities: | Relocated to new 3,300 sq ft facility in 2015 |
Growth Potential: | Recently added spray tan services, continue promoting |
Training/Support: | 30 days or more if needed |
Seller Financing: | 25% Seller Financing: $62,500 |
Ad #78497
Seller Reference #BEA007
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