TANNING BUSINESS

Undisclosed Address, Knoxville, TN
Business Opportunity for Sale
Catylist Listing ID: 30139045
Property Subtypes: Hair and Beauty
Building Size (RSF): See Agent
Sale Price: $237,000
Year Business Established: 2010
Gross Revenue: $225,000 (Annual)
Cash Flow: $75,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash, Financing, New Loan, Lease Assignment
Last Updated: 4/23/2018

Overview / Comments

Located in a fast growing area of Knoxville, TN this Tanning Business is well established with a strong customer following. This tanning salon is looking for a new owner to take it to the next level. A family-owned and -operated tanning salon in Knoxville, TN. Recently updated with some of the newest and most advanced tanning systems in the area. The tanning salon features Standard, Deluxe, and Premium beds (similar to levels 3, 4, and 5) and a Premium stand-up tanning system to provide customers with a variety of indoor tanning options. We also offer the VersaPro™ sunless spray tanning system with heated drying for those who want an alternative to indoor tanning beds but still desire an even, natural-looking glow.

Additional Details

Industry Segment: Other Hair and Beauty
Reason for Selling: The Current Family Needs To Focus 100% of Their Attention On Their Full Time Jobs.
Value of Inventory Included ($): $12,000
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Assignable To New Owner. Landlord is Willing TO Extend Lease As Necessary For New Owners
Employee/Labor Description: 8 Employees
Mgmt/Training Support Description: Owners Will Stay On & Train For 60 Days.
Competition/Market Description: Thriving Business In The Area. No Immediate Competen In The Nearby Communities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,738 85,053 147,072
Median Age: 23.37 32.49 35.25
Households: 4,481 34,425 62,543
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