Business To Buy

Very Profitable Tanning Salon

Myrtle Beach, South Carolina
This very profitable tanning salon has been serving the Myrtle Beach area since early 2008. The business is situated directing on a major residential thoroughfare. The salon is in close proximity to numerous communities, housing developments and schools. There are in over 5,000 residences within two miles of their location. The salon has excellent signage, ample parking and easy access. The build out of the space was customized to include regulation cooling systems for each room. The interior design and color scheme is warm and inviting, offering an open reception area and spacious private rooms for tanning. The salon has five Sundash Pro1 332 tanning beds, offering a twenty minute bed with a built in cooling system. All of the salon’s tanning beds are housed in private rooms. The salon also features tanning utilizing a Cyber-Dome 2 200 Genesis, as well as a Sun Dash Radius 252 which allows clients to stand while tanning. The salon also offers spray tanning which has been very popular with their clients. In addition to the various tanning alternatives, the salon sells lotions and other skin care products used before or after tanning. Their retail sales have dramatically increased over time and currently accounts for 31% of their revenue. The business has grown rapidly and has a client base that is in excess of 1,300 patrons. Revenue per tanning session has grown from $2.99 in 2009 to $3.85 in 2012. The owner is absentee, so there is a trained and experienced staff operating the salon on a day-to-day basis. This is an excellent opportunity for an owner/operator to reduce payroll overhead, focus on marketing and continue to build on the already impressive product sale and client base. The purchase price is turnkey and includes all furniture, fixtures and equipment as well as the inventory.

Financials

Price: $79,000
Gross Income: $0
Cash Flow: $0
FFE: $56,000
Inventory: $15,000
Real Estate Value: $0

About the Business

Office Reference ID: #
Year Established: 2008
Financing: The owner is offering financing
Training:
Facilities: Great lease in a prime location
Competition:
Growth:
Business Listed By
Name: Pamela Atherton
Company: GSBB Services LLC
Phone: 843-535-5712

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