Business For Sale Listing 136059
Tanning & Nail Salon Business/Investment
Status as of Dec-1-2008 at 06:03 PM: Off The Market
Business Summary
This Tanning & Nail Salon has been in business over 23 years. Current owners bought the business last year. Partnership is breaking up and both partners want to sell even though the business hasn't reached its potential.
The salon has 13 rooms with state of the art tanning beds/booths, a spray-on tanner, 3 nail stations (could expand to 5) and separate rooms for pedicures, laundry, office, waiting room and restroom. The business has a security system with alarms on all exits and a computer that operates the tanning machines.
Hours of operation are: Monday thru Friday 10:00 to 9:00, Saturday 10:00 to 5:00. Total hours are +/- 62.
The front desk has part time tanning advisors during salon hours of operation. The owner's run the business absentee. Currently there are no nail technicians working here. Nail tech's work for 50/50, 60/40 splits or rent space at +/- $600/month. Income on attached proforma includes 2 nail tech's renting space at $600/mo or $14,400/yr. Currently sales revenue is projected at $202,030 with Owner's Cash Flow of +/- $32,456. Return on total investment would be +/- 21.7% and this is without an expected increase in revenues a new Owner might be able to do with advertising, promotion and good management.
This 2,285 s.f. salon is located in a strip center on a heavily traveled road (over 20,000 cpd) near the local university in Danbury, CT. Rent is $4,365/month ($22.92 psf including "nets") and has over 15 years remaining in lease (with the options).
The equipment includes 10 tanning beds, 3 booths and a spray-on tanner with different levels of tanning, music, phone system, 3 nail stations, office equipment, washer/dryer, pedicure whirlpool tub, computer, alarm & security system.
Categories
| Industry: |
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| Location: |
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| Other: |
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Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($202,030) |
| Profits: |
Under $100 Thousand ($32,546) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($129,900) |
