Listing ID: 81459
Business Overview
The perfect place to build a base tan prior to a trip or a custom airbrush spray tan for a special event or just want to enjoy a tan year-round.
Features 4 tanning beds (SolarForce 648 & Solaris 442) and 1 stand up (SunScape 756V), plus personal airbrush spray tanning. Room for 2 additional tanning beds!
Also, offering a selection of high-quality lotions from many of the top brands: Australian Gold, California Tan, Swedish Beauty, Supre, Designer Skin and Devoted Creations.
Independent, no royalty, advertising or transfers fees. Great margins!
Simple operation. Owner operated – works about 30 hours a week.
Well-established for over 17 years. And with the same owner!
Database of over 8,500 clients included in the asking price!
Location: Prime retail space in a busy neighborhood Jewel-Osco shopping center along with a salon & spa, accountant, cleaners, gym, bank, restaurant and more. Close to a popular lifestyle center featuring specialty retailers, restaurants, luxury apartments, professional office spaces and a movie theater. Also surrounded by many upscale homes!
Perfectly situated in an affluent north suburb that is considered part of the North Shore. This area is known for its fine amenities & services, excellent schools, 34 parks & playgrounds, great shopping & dining and proximity to local expressways & commuter trains. One of Chicago’s premier suburbs – a vibrant community that continues to grow with great success and style!
Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EnergiZ for more information. Showings by appointment only.
Listed By Tom Traina at EnergiZ & Associates
Financial
- Asking Price: $149,900
- Cash Flow: $76,181
- Gross Revenue: $126,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Leased space - cheap $1,600/mth gross. Current lease is month to month. Landlord will give a new lease. Square Feet: 1,000. Days/Hrs of Operation: Mo-Fr 10a-7p, Sa 10a-4p, Su 10:30a-1:30p. Owners Role: Active, works about 30 hours per week. Value of FF&E: Included In Asking Price.
One-week on-site comprehensive training.
Retiring.
The best tanning salon on the North Shore. A refreshingly positive tanning experience. Upscale environment. Calming atmosphere. Impeccably clean. Well maintained advanced sun tanning equipment. The best high quality tanning lotions and skin care products. And their in-house spray tan solution is gluten free, paraben free, cruelty free, sulfate free, nut allergy free, non-comedogenic, and 100% vegan. Perfect color, flawless application and consistent results, with no harsh chemicals, orange color or lingering smells. Professional staff. Knowledgeable, well-trained, certified tanning consultants. Experienced airbrush spray tan technicians. Customized tanning. The look and health of one’s skin is their number one priority. Unmatched level of service. The very best results!
Highly successful. Bronzing and providing vitamin D to the North Shore since 2004. Area favorite - clients come from all over the North Shore. Tons of regulars. Many satisfied customers. Conveniently located. Highly rated and recommended, great reputation to continue to build upon!
Additional Info
The company was started in 2004, making the business 18 years old.
The company has 2 Part-Time employees and resides in a building with estimated square footage of 1,000 sq ft.
The real estate is leased by the company for $1,600 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nevertheless, the genuine reason and the one they tell you might be 2 completely different things. For instance, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or a variety of other factors. This is why it is extremely crucial that you not depend absolutely on a seller's word, however rather, utilize the vendor's solution along with your overall due diligence. This will repaint an extra reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that profit margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new customers? Most times, operating businesses have repeat consumers, which develop the core of their everyday profits. Certain factors such as new competition sprouting up around the area, road construction, and also staff turnover can influence repeat clients and also negatively affect future incomes. One crucial thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to construct a returning client base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local typical family earnings impact future revenue prospects?
