Established Salon for Sale - Hair, Waxing, Spray Tanning and Tanning Champaign, IL (Champaign County) Asking Price: $95,000

Gross Income: $165,000

Cash Flow: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2006

Employees: 6


Business Listed By:
Kristin Little217-390-7148 Business Description Family Owned and Operated

For sale! A busy and profitable Family Owned and Operated Salon and Spa in the heart of the University of Illinois campus. We have maintained constant growth over our 7 years of operations. The salon has over 2000 sq. ft with potential for 18 service rooms. Currently, the salon operates with a 2 Station fully functional hair salon with 2 stylists on staff, 1 Waxing room that will easily double to 2 rooms this Spring, 1 Spray Tanning room that is likely to also expand to 2 due to demand, and 12 tanning rooms. Huge potential for additional services, like nails, facials, makeup, etc to be added on to make a complete spa. Everyday our demand is growing for these additional services! The lobby features built in seating to accommodate numerous clients at once, a custom reception desk, an employee break room, manager's office and 2 storage rooms. A new furnace was installed in 2012 and salon offers 3 A/C units for those busy days. Electricity bills are very reasonable as the salon is quite efficient. Assumable lease with approx 2.5 years remaining and a wonderful Property Management company to work with. Street visibility in a highly populated center area of campus. Database of approx. 8000 clients.
This space was previously built for tanning and we were confined to equipment with the limited space options. We completely renovated the entire space with paint, flooring, completely new bathroom, new washer and dryer, new lighting fixtures, new reception area, 2 station hair salon and lobby area.

Included in the sale is the entire turn-key operation:
Tan Track salon software
2 computers that are used to check clients in at reception and 1 Master computer
1 Cash Box
1 Receipt Printer
2 Fingerprint Scanners
Printer/Scanner/Fax
Sound system in all rooms of salon (AM/FM/iPod)
The lobby has custom built bench seating for clients to allow for maximum seating
All tanning units will stay
We currently offer custom spray tanning in the salon and one room is outfitted for this service
Waxing room with inventory included
Inventory for replacement bulbs go (in case any bulbs go out in the units)
Lotion inventory (we mainly sell Designer Skin and Devoted Creations)
Staff break room equipped with a small fridge, microwave, and table
Security system with camera and alarms
2 Station Hair Salon including 2 stylist chairs, 1 shampoo bowl, 2 floor length Mother of Pearl mirrors, 2 rolling stations, 2 assisting tables, and 2 floor mats for stylist to stand on while working.
1 Parking Space in covered parking comes with the lease. We lease a 2nd space from our Property Management company for our 1 Full Time Employee that travels to work. Detailed InformationInventory:Included in asking priceFacilities: There is approx. 2.5 years remaining on the lease with (3) 3year options. We are in a wonderful location with TONS of foot traffic. Fall semester averages between 200-250 clients a day and the Spring semester averages 300+ per day. Our client database holds ~8000 clients. Our staff are wonderful and are all Smart Tan Certified. This salon is extremely successful and will continue to be successful for any new owners. Seller recently got married and wants to start a family. Seller has other businesses and is spread too thin to run them all effectively.Competition: There is only 1 other tanning salon on U of I's campus and it's on the opposite side of campus. Hair Salon around the corner was just torn down to be replaced with a high rise apt building. Lots of potential for growth for a new owner that has initiative, drive and passion!Growth & Expansion: With over 30,000 students populating a 1 mile radius, the growth potentials are profound.Financing: Motivated Sellers. Not interested in Seller Financing.Support & Training: Seller will train new owner for 1-2 weeksReason for Selling: Want to start a family and is spread too thin. Very Motivated Sellers.Business Website:http://www.cuatthebeach.com                             The information in this listing has been provided by the business seller or representative stated above. BuyTanningSalons.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.