Tanning Salons – 4 Franchised Locations
Location: United States -> Massachusetts -> Boston
Industry: Hair and Beauty > Tanning Salons
Businesses for sale Summary
This business is a multi-location (4 units) indoor tanning salon franchisee with established operating history and well respected and recognized name. The business has an Area Development agreement with franchisor to open more locations in the Boston area. The Company has outstanding strategic locations with modern facilities and equipment and is a high net margin business with excellent future growth opportunities. The staff has been corporately trained and includes certified non-union employees and management team. Approximately 45% – 55% of revenue is recurring from automatic monthly electronic funds transfers from clients. The Company leases upscale, modern facilities in all four locations. The four locations range in size from 2,200 sq. ft. to 2,500 sq. ft. in size. Each location has between 20 and 23 tanning machines. Contact for more information on these Tanning Salons for sale.
Financials
Asking Price Range: $1.0M – $2.5M
Gross Revenues: $2,390,000
Cash Flow: $718,000
Cash Flow Type: EBITDA
Inventory: $10,000
Seller Financing: Not Disclosed
About The Business
Year Established: 2003
Number of Employees: 35 – 49
Relocatable: No
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: Full training provided to buyer.
Reason For Selling: Other business interests.
