Listing Number: 88882-282111
Exciting opportunity to own a chain of tanning salons in East Texas. This chain has been operating since 2006 and only uses top-of-the-line equipment. This business has developed a trusted and recognizable brand across the area.
This industry is projected to grow to a $4.2 Billion industry by 2024 according to IBISWorld Industry Outlook. With purchase options from single-use visits to a very successful subscription model this business has outstanding cash flow that can be seen in the pristine books and records that are available.
This chain is well diversified across the area and has competitive leases in place for all locations. The POS system is able to be monitored at all times by ownership. It is designed to manage expenses, track sales and prevent non-paying usage of the beds. Mid-level management is in place and will bridge the transition to new ownership. The opportunity for growth is significant and growth will match the enthusiasm level of the new owner as well as the ability to manage social media promotion.
This business has been pre-qualified for SBA loan participation and seller financing is available.
- Price: $975,000
- Down Payment: $800,000
- Sellers Discretionary Earnings: $206,004
- Total Sales: $1,079,020
- Location: Smith County, Texas
- Inventory: $6,000
- FF&E: $400,000
- Employees: 25
- Reason for Selling: Retirement
- Category: Beauty/Personal Care