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| Location |
Morris County |
| Store Opened |
2007 |
| Tanning Units |
14 Booths |
| Annual Sales |
$90,000 |
Lease |
$4,000/month /expires 2012 (5 yr Option) |
| Sq. Footage |
1657 sq. ft. |
| Employees |
1 Full Time |
| Inventory |
$2,000 |
| FF&E |
$200,000 |
| Asking Price |
$100,000 plus assumption of equip.lease |
| Reason for Sale |
Moving out of State |
SUMMARY DESCRIPTION:
One year-old tanning salon is in a very affluent area. The owner cannot devote the time to manage the salon The salon has an exceptional layout and décor, and “presents” very well to an affluent cliental.
This becomes your buying opportunity because of the Asking Price. You will be an owner of a salon at a fraction of the cost that it would cost to open a new salon. New franchises in the same system are being quoted at an “all-in” investment of $287M to $387M. The cost to open this salon exceeded $250,000.
It is estimated the indoor tanning industry is a $5 billion a year market. Approximately 30 million Americans tan indoor each year.
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