Tanning Salons - 4 Franchised Locations
Location Massachusetts,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2390000
Net Profit / Cash Flow $718000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 35 - 49
Inventory 10000
Relocatable No
Number of Employees 35 - 49
Real Estate Leased
Training Full training provided to buyer.
Reason for Sale Other business interests.
Description This business is a multi-location (4 units) indoor tanning salon franchisee with established operating history and well respected and recognized name. The business has an Area Development agreement with franchisor to open more locations in the Boston area. The Company has outstanding strategic locations with modern facilities and equipment and is a high net margin business with excellent future growth opportunities. The staff has been corporately trained and includes certified non-union employees and management team. Approximately 45% - 55% of revenue is recurring from automatic monthly electronic funds transfers from clients. The Company leases upscale, modern facilities in all four locations. The four locations range in size from 2,200 sq. ft. to 2,500 sq. ft. in size. Each location has between 20 and 23 tanning machines. Contact for more information on these Tanning Salons for sale.
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