Business Overview

This Tanning salon & spa is located in a very busy intersection in a high traffic area of a North West metro Atlanta area. This is an affluent area of Gwinnett county. This Tanning salon & Spa has been in business for over 17 years & has built up a good customer base with addresses, phone numbers, cell numbers, email addresses & whole lot more info about each customer. This is a gold mine waiting to be explored via email campaign, text message VIP club membership, etc. This is a cash cow with no franchise fees & no restrictions for the buyer to make changes & to add-on other profit centers like Mystic booth spray tanning, Body Wrap, Microderm Station, Facial Back bar, Waxing station and etc. It offers custom air brush spray tanning but it is not advertised & talked about to the customers. It sits on the back of the tanning salon where nobody sees it, It is a shame, when it is the growing sector of the business.
This salon for sale is fully staffed with experienced & knowledgeable employees. The current owner is an absentee owner who lives almost 2 hours away looking to retire. You have a choice to keep the employees or not, or pick & choose. Everything including fixtures, furniture & equipment are all free & clear. There is no debt on any equipment or any asset. Only $29K down payment is needed for a qualified buyer. Owner will finance the rest, or pay all cash & negotiate the price down. That is less than the price of a car for a lot of folks. This is priced for a quick sale. Act now. Just complete the attached CA form, email or text it to Nick, then call Nick on his cell phone at 404-405-4069 to get the address & all the info you need to close the deal.

Financial

  • Asking Price: $98,000
  • Cash Flow: $45,000
  • Gross Revenue: $100,000
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $2,000
  • Inventory Included: N/A
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

It has 10 Tanning booths: 2 level one standard bed, 2 level two super beds, 2 level three turbo beds, 2 level 4 Stand-up cyclone booth, 1 red light therapy bed for skin rejuvenation, 1 Norvel professional air brush custom spray tan booth and lots of tanning lotions & skin care products.

Is Support & Training Included:

One week of training will be provided at no additional cost. Also 6 months of phone consultation during work hours at no cost to buyer.

Purpose For Selling:

Seller lives 2 hours away & is looking to retire..

Pros and Cons:

In this affluent part of town, there is plenty of demand for your type of service. Your role is to keep your clients & take theirs with a better service, friendly, knowledgeable & better staff, attractive pricing & product mix, super clean & sanitary facility & super location which you already have. There is only one other tanning salon within 5 mile radius.

Opportunities and Growth:

Many new homes & sub divisions are sprouting out on the roads leading to the salon. You can add: Tooth whiting service, Laser treatment, Weight loss products & services, full Waxing service, Line of clothing, accessories, & many other add on profit centers.

Additional Info

The business was established in 2004, making the business 18 years old.
The transaction won't include inventory valued at $2,000*, which ins't included in the asking price.

The company has 3 employees and resides in a building with estimated square footage of 1,200 sq ft.
The property is leased by the business for $2,900 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell operating businesses. Nevertheless, the true factor vs the one they tell you might be 2 entirely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or an array of various other reasons. This is why it is really crucial that you not depend completely on a seller's word, however rather, make use of the seller's solution along with your general due diligence. This will repaint an extra sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover things such as inventory, payroll, accounts payable, etc. Remember that occasionally this can indicate that profit margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be met or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new customers? Many times, companies have repeat customers, which form the core of their daily earnings. Certain elements such as brand-new competition sprouting up around the location, roadway construction, and also personnel turn over can influence repeat customers and also adversely affect future profits. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? How might the regional average family income influence future earnings prospects?