Upscale Tanning Salon
Location Florida,United States
Asking Price Range < $250K
Gross Revenues $84000
Net Profit / Cash Flow $48000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2006
Number of Employees 1 - 3
Inventory 65000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Yes. Whatever is needed.
Reason for Sale Unique opportunity to move out west to open another salon closer to family.
Description Glow Tanning Center is an upscale, boutique style salon located in the Pineapple Grove Arts District of beautiful downtown Delray Beach, Florida. We are next door to a 24 hr fitness center with thousands of members and to a Post Office which brings a lot of traffic into the plaza each day. The salon is about 1 year old now and is growing rapidly. You couldn't ask for a better location or a nicer salon!
We have 6 tanning units (3 beds and 3 booths) classified in 3 different levels of tanning experience and a room for our very popular personalized airbrush tanning service. Our airbrush service has really taken off since we introduced it in September 2007.
We have partnerships with a downtown fitness center and an upscale day spa. These partnerships that we've developed over the past year continue to strengthen our exposure and business opportunities within the community. We mentioned earlier about our personalized airbrush tanning service that has taken off. It has done so well that our partner spa now refers ALL of their airbrush tanning customers, that they once serviced, over to us. We expect this side of the business to also grow tremendously over time.
If you want to open a tanning salon in a hot spot that will make money with minimal management and marketing, this is the spot. This area just keeps building out as new condos are currently being built and new businesses are opening up. This salon is guaranteed to do better and better year after year. We have great lease terms set with four 3-year renewal options with the first option coming in 2010.
Asking: $169,000
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