This is chain of long established 2 tanning salons that are highly successful and highly profitable. Each has been in business for many years and has made it through all sorts of governments restrictions and taxes.
Current Status: Off The Market
Posting #: 182307
CONTACT IS A
Intermediary
BUSINESS LOCATION
San Jose Area
AREA(S) AVAILABLE
San Francisco Bay Area
COUNTIES AVAILABLE
Santa Clara
ADDRESS / CITY / ZIP
San Jose
FINANCIAL INFORMATION
Asking Price:
$925,000
Down Payment:
None Given
Annual Revenue:
$885,169
Annual Adjusted Net:
$316,355
DETAILS

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Semi Absentee Run

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Training And Support

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Owner Financing

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Bkr Cooperation - Call
TWO HIGHLY PROFITABLE TANNING SALONS IN SAN JOSE AREA FOR SALE DETAILS
This is chain of long established 2 tanning salons that are highly successful and highly profitable. Each has been in business for many years. Profitability due to excellent management and systems in place and the great highly visible locations. They are both located in geographical areas where there are many tanners. The owner has been in the retail tanning business for over 25 years and now feels it is time to move on to something else. Broker is cooperating on this listing.
The systems and the staff are all in place. The owner works only 10-15 hours a week, mostly overseeing one of the locations. The other has a full time manager who has been with the company for over 8 years. There are many options for a new owner to unitize the manager to manage both locations.
Each location has recently been renovated and new equipment installed. One location was re-equipped last year and the other within the past 4 years. All equipment has been meticulously maintained and records on everything. A new computer system has been installed. Owner can monitor books and operations from off-site.
This is complete turnkey operation. Both locations are fully staffed with managers and staff in place and trained. Each has sunless tanning and custom airbrushing (a highly profitable service). Records on bed and bulb usage and financials are complete and accurate.
Conservatively, it would cost about 200,000 to 250,000 to set up just one tanning salon that meets these standards. About half the gross income is from electronic funds transfers, which is very consistent.
This is ideal for that 'extra' business. Better than a laundromat because there is staff in place to maintain the integrity of the business. Consequently there is no vandalism and the investment into equipment and decor is safe. If you are considering an investment business you won't want to miss this one.
Seller is willing to carry back. In addition SBA financing is a viable option for financing.
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