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Premiere Tanning Business For Sale

Bergen County, New Jersey, United States
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Asking Price$69,000
Revenue$72,000 Established2005
Cash Flow$25,000 Employees1 full-time
FF&E$790,100* FranchiseNo
Inventory$500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity for this premiere tanning salon business located in Northern New Jersey, Bergen County dedicated to providing their clients with the most relaxed environment and care that modern technology can provide, coupled with the very best in customer service. Most unusual opportunity, this business opportunity has been priced to sell based on the value of the equipment. The business is located in a highly active commercial mall, nearby to a community college, with numerous other businesses and close to US Highway 287. The Salon has a modest monthly rent of $1,500 and a yearly projected 2016 gross income of $72,000. Their clients enjoy thoroughly sanitized facilities along with an experience that is unique and every visit is an experience. The salon prides themselves with quality service and the best tanning experience possible. They have the newest equipment, contemporary art and unparalleled customer service. They offer top of the line beds at all levels and their experienced technicians apply airbrush tanning. They also carry a number of alternative skin and body care methods and lotions. This business transaction sale consists of a fully equipped commercial retail store, which includes numerous 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. This particular business has one employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,276. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $1,500 and rent security $3,000. The salon is located in a commercial mall which consists of 1,450 square feet has a capacity for approximately thirty-five customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 10:00 am to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. Based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator. The 2016 projected yearly gross income is $72,000 and the business has a yearly net income of $25,000 based on an owner operator and prior to debt service. The business has been valued at $69,000 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. 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 may not represent this particular business.
Facilities:This is a retail facility which consist of 1,550 square feet with a modern professional appearance. The business is in a mid-size mall with various other active and successful businesses. This opportunity is located in Northern NJ, Bergen County, which consists of various affluent communities with continued demand for this particular industry.
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 requires on site management and an improved marketing plan in order to further develop this business.
Training/Support:The owner will remain post-closing for 30 days in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner / seller is absentee and has alternative businesses out of the area.
Ad #87179
Seller Reference #TANN154
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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