Business Description; This tanning salon has been very well established in the local market for over 15 years. The salons has a beautiful decor and build out that you would expect from a high end salon. In addition it has a great visible location in a busy shopping street in a primary and dominate local area of the city. The Salon Boasts, some of the nicest late modelTanning Equipment available in the tanning industry. The cost alone to duplicate and install new similar equipment is estimated to be over $75,000, without considerations for build out or goodwill.
The salon has great opportunity to market itself by creating a custom website which it currently does not have and an aggressive online advertising campaign which is where many salons see a large amount of there customers derived. The salon could also benefit from a commission based staff, extended hours.
This salon could greatly increase revenues by implementing an aggressive marketing campaign geared towards sales in an EFT program, the salon has no EFT program at this time, some of the local chain stores are more aggressive in pushing eft and see eft as high as $75,000 per month so there is some un tapped potential that could be attained by an aggressive marketer. Many salons on this very site show they have significant sales via EFT, sometimes into the hundreds of thousands annually.
The salon could benefit from a versa spa or mystic HD tan option (it already has an Air Brush Option, and mystic blue box) these units can be obtained on the resell market very affordable sometimes for as little as $5,000. Some salon owners have claimed as much as a 1/3rd, of their business has come from such UV free booths.
In addition this salon has proven success implementing other services such as hair, as such adding hair, or massage to the current service offerings could prove very beneficial
This is not a distressed sale; this is a thriving business being sold simply because the current owners want to focus on there primary professions. Join the fun and upbeat billion dollar Tanning industry with this established, fun and well run tanning salon.