2 store tanning salon chain seeks new owner Sammamish, WA (King County)Seller Financing AvailableMatrix Asking Price: $149,500
Gross Income: $332,000
Cash Flow: $41,900
EBITDA: $32,000
FF&E: $393,754
Inventory: $12,000
Real Estate: N/A
Established: 1990
Employees: 7
Business Listed By:
Bruce Bicknell206-355-1251 Business Description Eastside tanning salons for sale
NEWCASTLE STORE
This location is located in a prime retail shopping center on Coal Creek Parkway, the main street of Newcastle. Safeway is the anchor tenant; therefore, generating significant traffic throughout the center. This 1,500 sq. ft. store contains 12 rooms, plus a laundry room and bathroom and is next door to the Bartell Drugs store, another high traffic retail location. The store positioning, a very visible sign above its entrance and this high traffic shopping center with many eating establishments, make this a location with continued room for growth.
The landlord has agreed to another 5-year lease with the 1st year rent having no change from the previous year, and each subsequent year subject to an increase based on CPI.
SAMMAMISH STORE
The Sammamish location is in the Pine Lake area. This 1,661 sq. ft. store contains 15 rooms, plus laundry room and bathroom. It is located in a shopping center containing a Rite Aid and QFC grocery store as anchor tenants, along Issaquah-Pine Lake Road, a high traffic area. Like the Newcastle store, this location has a very visible sign above its entrance and is located near a variety of eating establishments and banks.
A 5-year lease was signed for this location in January, 2012.
Established and growing EFT membership base. Detailed InformationInventory:Included in asking priceReal Estate:Included in asking priceFurniture, Fixtures, & Equipment (FF&E):Included in asking priceFacilities: 2 locations 12 tanning units at Newcastle location 14 tanning units and a facial rejuvenation unit at Sammamish location. 2 mobile teeth whitening systems.Competition: For the Newcastle location, there is a competitor in Factoria approximately 3 miles away. There is no other competition until North Renton at over 5 miles away. This location is fairly insulated from competition overall. For the Sammamish location, there are two main competitors within a 3.5 mile radius. These two competitors are located on opposite sides of the Sammamish Plateau, with Distinctive Tan is centrally located at the busiest intersection on the plateau.Growth & Expansion: Additional spa services could be added to each of the locations to increase revenues further. Body wraps are starting to be a big seller, so it is recommended that this service be added to both locations. The company also maintains a database containing the contact information of over 60,000 unique individuals, the vast majority of which were past customers, thus providing substantial opportunity to market these additional services to a receptive audience. E-mail marketing to the existing client database would create a wealth of sales opportunities.Financing: Seller is open to partial financing.Support & Training: Current owners will train new owners for a transitional period. Fully trained staff in place. 90 day warranty on all equipment.Reason for Selling: The owners have decided to focus on other business opportunities and their jobs.Business Website:http://www.distinctivetan.net 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.
Gross Income: $332,000
Cash Flow: $41,900
EBITDA: $32,000
FF&E: $393,754
Inventory: $12,000
Real Estate: N/A
Established: 1990
Employees: 7
Business Listed By:
Bruce Bicknell206-355-1251 Business Description Eastside tanning salons for sale
NEWCASTLE STORE
This location is located in a prime retail shopping center on Coal Creek Parkway, the main street of Newcastle. Safeway is the anchor tenant; therefore, generating significant traffic throughout the center. This 1,500 sq. ft. store contains 12 rooms, plus a laundry room and bathroom and is next door to the Bartell Drugs store, another high traffic retail location. The store positioning, a very visible sign above its entrance and this high traffic shopping center with many eating establishments, make this a location with continued room for growth.
The landlord has agreed to another 5-year lease with the 1st year rent having no change from the previous year, and each subsequent year subject to an increase based on CPI.
SAMMAMISH STORE
The Sammamish location is in the Pine Lake area. This 1,661 sq. ft. store contains 15 rooms, plus laundry room and bathroom. It is located in a shopping center containing a Rite Aid and QFC grocery store as anchor tenants, along Issaquah-Pine Lake Road, a high traffic area. Like the Newcastle store, this location has a very visible sign above its entrance and is located near a variety of eating establishments and banks.
A 5-year lease was signed for this location in January, 2012.
Established and growing EFT membership base. Detailed InformationInventory:Included in asking priceReal Estate:Included in asking priceFurniture, Fixtures, & Equipment (FF&E):Included in asking priceFacilities: 2 locations 12 tanning units at Newcastle location 14 tanning units and a facial rejuvenation unit at Sammamish location. 2 mobile teeth whitening systems.Competition: For the Newcastle location, there is a competitor in Factoria approximately 3 miles away. There is no other competition until North Renton at over 5 miles away. This location is fairly insulated from competition overall. For the Sammamish location, there are two main competitors within a 3.5 mile radius. These two competitors are located on opposite sides of the Sammamish Plateau, with Distinctive Tan is centrally located at the busiest intersection on the plateau.Growth & Expansion: Additional spa services could be added to each of the locations to increase revenues further. Body wraps are starting to be a big seller, so it is recommended that this service be added to both locations. The company also maintains a database containing the contact information of over 60,000 unique individuals, the vast majority of which were past customers, thus providing substantial opportunity to market these additional services to a receptive audience. E-mail marketing to the existing client database would create a wealth of sales opportunities.Financing: Seller is open to partial financing.Support & Training: Current owners will train new owners for a transitional period. Fully trained staff in place. 90 day warranty on all equipment.Reason for Selling: The owners have decided to focus on other business opportunities and their jobs.Business Website:http://www.distinctivetan.net 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.
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