Business Category: Beauty Salons, Barber Shops, Health, Medical & Dental, and Other Personal Services
Listing Price: $350,000
Cash Flow: $125,000
Equipment Value: $95,000
Turn-key, fully equipped and nicely profitable tanning business with increasing sales and market share for sale!
Close to a large university, and with several smaller competitors leaving the market over the last few years, legitimate opportunity for growth awaits. An owner-operator should conservatively be able to attain $125,000 in earnings annually, a stellar 38-40% of gross revenues!
Significant time has been spent fine-tuning and simplifying the operations, storefront, marketing, and customer service at this location over the last few years. While this business most likely requires an owner-operator to achieve its highest possible potential, it is primed for further success with a specific focus on continuing high-class customer service and reaching additional customers. The business even comes with a simple, non-escalating lease with a reputable and responsive landlord!
The current owners have also built a solid, simple, and effective foundation of marketing over the last few years which has led to an increase in sales. Marketing takes time to see results, and a new owner can reap the benefit of the marketing currently in place!
Walk into this fully functional business for sale and forget the headaches, time constraints and money to build a store from scratch. There’s no need to endeavor on your own when you have a mega-brand providing training in a nearby market along with support, marketing, and more. You get the power and prestige of a powerhouse brand that has been in this business for over 39 years!
The current owners have enjoyed having this salon; they are selling in order to focus more time, energy, and excellence on other business interests closer to their home.
Opportunities For Growth:
(1) Enhanced Marketing Strategy: The Company builds business from referrals, drivebys, and Google searches. Setting up a marketing strategy that effectively reached more people – Google Ads, social media advertising, and mailers – would likely be highly effective in building business.
(2) Acquiring Market Share from Competition: Most customers who come from the Company’s competition wish they would’ve switched over sooner.
(1) Turn-key Opportunity: The business is well-positioned for a smooth transition of ownership (over 100 current Club members).
(2) Financial Trend: Revenues and earnings are both on a steady upward trend.
(3) Fixed Rental Expense: 8 years left on a 10-year non-escalating lease with a 5-year renewal clause.
(4) Weak Competition: There is only one major competitor left in the market. The Company’s salon is better equipped and more luxurious.
(5) Great Ratings and Reviews: The Company is highly rated very positively online leading to more customer visits. Aggregate Google Rating is a nearly impossible-to-achieve 4.8 stars!
Real Estate Available: For lease
Reason For Sale: Other business interests
Number of Employees: 8