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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Premiere Tanning Salon
(Hair and Beauty , Tanning Salon)
HUnterdon County , NJ
Listed Price: $ 75,000
Listing ID: TANN169

Listing DetailsGross Revenue: $ 195,424
Cash Flow: $ 45,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 1,200 (Included in Price)
Reason for Sale:

The owner is relocating out of the general area.


Training & Support:

The owner will remain post-closing for two weeks to supply an appropriate transitional and training period to the new operator.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Sun. 9:30am-9:30pm
Non-owner Payroll: $ 1,450
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8600
Monthly Rent: $ 4,755
Square Footage: 1950
Facilities:

Located in a wonderful area of Hunterdon County, New Jersey on an active county road and highly successful commercial avenue. The general area consists of various communities that continue to desire this personal service. The facility consists of 1,950 square feet in an attractive and modern commercial setting. The general area which has a substantial amount of company’s and businesses which attract a great deal of shoppers and workers.


SummaryBusiness Description:

Priced to sell for this premiere tanning salon 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. The business is located on a highly active commercial avenue with numerous successful companies. The Salon has a 2017 gross income of $195,424 and a yearly net income of $45,000 as owner operator. 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 with their experienced technicians who applied airbrush tanning. They also carry several alternative skin and body care methods and lotions. This business has four full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,450. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $4,755 and rent security $8,600, cost per square foot is $29.26. The sale consists of a fully equipped commercial retail store, with an asset value of approximately $75,000. The business is active seven days per week, with hours from 9:30 am to 9:30 pm. The business has been valued at $75,000 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. Based on the asking price, required down payment and yearly net income, this business fully expects to supply a consistent and dependable investment return to the owner operator. 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.


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.


Potential Growth:

The business has a limited marketing plan, poor web site and absentee ownership, if improved can further develop the business bottom line net income.


Financing/Terms:

May be considered with an appropriate down payment.