TANNING SALON/CONTEMPO SPA, FRISCO, TX $270,000
Seller:
Attn:
Lesdon & Associates
Location:
Frisco, TX, USA
Listing Number:
86353604
Overview:
Tanning salon/contempo spa located North of Highway 121 in an affluent area that has high visibility and excellent traffic flow. This well known Franchise is the largest and best known tanning and spa franchiser in the country with over 350 locations and over one million members. The franchiser has a proven and successful model offering several revenue streams, including tanning, spa services and skincare products, and provides excellent franchisee support. This upscale contempo spa has Mystic tan, Hydration Station, 48 VIP stand up, 52 Platinum, 48 Platinum, two 42 VIP and a 32 lamp bed. The business also enjoys solid monthly EFT (Electronic Funds Transfers) of $4,000 to $7,500, drafted directly from patrons checking or credit card accounts. The inventory, customer database, furniture, fixtures and equipment are all included in the asking price of $245,000. Business is currently open 8am to 10pm Mon-Thur, 8am to 7pm on Fri, 9am to 6pm on Sat and 1pm to 6 pm on Sun.
Property Features and Assets:
This 1,500 Square Feet facility has favorable lease terms with 1 year left on the lease and a 5 year option. The tanning salon has Mystic tan, Hydration Station and 8 tanning beds which are four years old, and are in tremendous shape from being well maintained with bulb changing on a frequent basis. The interior is beautifully designed and has a warm and modern ambiance. The salon contains laundry room with stackable washer & dryer. The demographics are very favorable to this type of service business.
Furniture, Fixtures & Equipment: $75,000 (included in asking price).
Inventory: $1,000 (included in asking price).
Market Competition and Expansion:
Competition: Normal competition for the tanning industry. However, this tanning salon has an established customer base comprised of repeat customers who repeatedly refer new customers.
Growth and Expansion: This business could have significant increases in sales by adding more spa equipment.
Additional Details:
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