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Cozy and Nice Tanning Salon in High-End Arlington |
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| Listing ID: 70444 Arlington |
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Cozy and nice Tanning Salon in High-End Arlington, TX. Priced to Sell!
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| Listing Details | |
| Industry: | Beauty Salons |
| Title: | Cozy and Nice Tanning Salon in High-End Arlington |
Listed Price: |
$59,000 |
| Down Payment: | $59,000 |
Total Sales: |
$110,000 |
Fixtures, Furniture & Equipment: |
$50,000 (Included in listed price) |
Inventory: |
$3,000 |
| Financing / Terms: 100% Cash at Closing |
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| Reason for Sale: Seller is wanting to focus on raising her kids. |
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| Training & Support: Seller will provide a sufficient training and support to new owner. |
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| Sales Breakdown Sales by age: Age 13-18: 51% Age 19-25: 11% Age 26-36: 11% Age 37-47: 15% Age 48-58: 9% Age 59-76: 3% | |
Fiscal Year | 2009 |
| Executive Summary | |
| Business Description: Cozy and nice tanning salon located in high-end Arlington area is available for sale. The current owner cannot devote any time and efforts to the business anymore because she has to focus on raising her kids. The salon requires new owner's active involvement in the business in order to reach its full potential. It also requires pro-active marketing to let more people in this neighborhood know about this salon. Interior and decorations of the salon look very modern and stylish while all tanning beds (standard and super) and air brush booth are kept in very good condition. |
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| Historical Summary: Established in 2005. |
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| Owner Qualifications: Hands-on owner at least for few months after purchase is always preferred to grow the business. |
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| Competition: No competition in the same competing area. |
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| Potential for Growth: This particular tanning salon has a great potential to grow with pro-active marketing (currently no advertising is being executed). EFT (Electronic Fund Transfer) is an area that needs to be tapped on. Marketing tailored to school students has been very effective in the past. |
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| Customer Base Currently there are over 1,000 active customers. | |
| Operations | |
Year Established: |
2005 |
| Year of Last Acquisition: | 2005 |
| Form of Ownership: | S-Corp |
| Absentee Owner: | YES |
| Days & Hours of Operation: | M-Th: 9am-9pm / Fri: 9am-7pm / Sat: 10am-6pm / Sun: 12pm-5pm |
| Number of Employees: | 3 PT |
Owner Involvement | None |
| Location | |
| Type of Location: | Strip Center |
| Square Footage: | 1706 |
| Facilities / Location Description: Over $100k average household income within a 1 mile radius. There are 10 tanning rooms with 10 tanning beds, and there is one air brush room as well. The salon is occupied in high-end shopping center. |
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| Monthly Rent: | $2,656 |
| Lease Expiration: | 11/30/2012 |
| Option: | Available |
Included in Monthly Rent | NNN, Water, and Trash |
Seating Capacity | 5 |