High end tanning salon

Ocean County, NJ

High end tanning salon
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Asking Price: $149,900

Cash Flow: $60,000

Gross Revenue: $205,000

EBITDA: $60,000

FF&E: $125,000

Inventory: $1,500*

Rent: $3,824 /Month

Established: 2014

*not included in asking price.

High end tanning salon

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Business Description

Profitable well established salon with growth potential

Modern salon built out in 2014. 6 lay down beds, 5 stand up booths, red light therapy, automated spray tan, and airbrush plus an additional room ready for another potential revenue stream. Solid monthly EFT base provides consistent revenue. Current owners do little marketing and do not work in the salon. A working owner could improve sales with business to business outreach, Instagram marketing, etc. Sales growth rate has been steadily increasing.

Detailed Information

Location:
Ocean County, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
10/1/2019
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2100 SF in retail strip center with highway frontage
Competition:
Large market with only 2 competitors nearby.
Growth & Expansion:
Beautiful facility with established clientele. New owner could improve sales by working in the salon and building connections to the community.
Support & Training:
Negotiable
Reason for Selling:
Too many business interests to properly manage
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Business Listed By:
Not Disclosed

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