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Professional Tanning for Sale in Southern Connecticut

Reference #: 05221610
Location: Southern Connecticut
Price: $200,000
Amount Down: $200,000
Revenues: $200,000
Discretionary Earnings: $21,800
Total Assets: $546,718
Business Description:

Business is a large tanning salon with 4,400 sq. ft. and 15 top-of-the-line tanning beds. The business was a start-up early in 2008 with a total investment commitment in excess of $500,000. In addition to a cash purchase price offering of $200,000 the sale also assumes the purchaser pick up the remaining payments of an equipment lease at $6,512.98 per month terminating on September 28, 2011. The leasehold improvements implemented by the owners were in the $170,000/$180,000 range and were professionally designed. Manufacturer's suggested retail price of the existing tanning equipment is about $390,000. This business will be of interest to the ownership of a tanning salon chain desiring to expand. Sales are estimated to be in the $200,000 range for the year 2009, the first full year of operation. Rent is $3,600 per month in a strip mall and utilities average about $1,000 per month. Payroll now runs about $3,000 per month with the owner working part time.


 


 

 


   

 


     

 


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.