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Beautiful Tanning Salon For Sale

Middlesex County, New Jersey, United States
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Asking Price$200,000
Revenue$212,000 Established1995
Cash Flow$75,000 Employees3 full-time
FF&E$225,000* FranchiseNo
Inventory$1,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent business opportunity for this highly profitable ultra-modern tanning salon located in an active commercial convenient area of Middlesex County, New Jersey. This 3,000 square foot salon business has a gross yearly income of $212,000 and a net yearly income of $75,000. This beautiful salon represents a highly successful business with many years of continued income. They offer excellent service which includes the high quality products that they provide, but also the help from a trained and certified tanning adviser to aid you in maximizing your tan with the proper usage of each product. They are committed to providing you with the best possible results, through a wide variety of advanced tanning options. Their beds are equipped with the freshest lamps to maximize your instant tanning experience. They are considered the leader in North Jersey Tanning with over 10 years in business. The business is locally owned and operated and they offer the best possible tanning experience available in the industry. They provide you the best quality, deep bronze tan in the cleanest environment, for the lowest prices. The sale includes, numerous high quality tanning beds, displays, shelving, POS system, tables, chairs, computers, software for this industry, accounting software, two 15-ton AC units, TV’s, training equipment including all the necessary equipment to maintain the day to day operation. This particular business has three employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $1,950. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,100 and rent security $4,100. The facility has substantial private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 10:00 am to 11; 00 pm. The sale includes a certificate of occupancy from the particular municipality to operator. Based on the asking price, required down payment and yearly net income, this business expect to supply a 33% investment return to the owner operator. The industry does not require any licensing to operate. The business has a 2015 gross yearly income is $212,000 and a yearly net income of $75,000 based with onsite ownership and prior to any debt service. Based on a multiple of the net yearly income and the value of the assets, this business has been valued at $200,000 and financing has been tentatively approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:Beautiful modern 3,300 square foot plus a huge basement tanning salon in a wonderful area of Middlesex County, New Jersey which is fully equipped for high volume production. The facility has various separate areas for private services for their various customers. The general area consists of various densely populated affluent cities with continued demand for this particular personal service.
Competition:To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth Potential:The business presently has a modest marketing budget and semi absentee owner, which if adjusted will further developed the business with an improved bottom line.
Training/Support:The owner will remain post closing and supply an appropriate transitional period.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many years of success.
Ad #85288
Seller Reference #TANN148
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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