1 Withheld

Description

This 1,200 s.f. Tanning Salon has 4 lay-down tanning beds (2 Level 1s, 1 Level 2 and 1 Level 3). It also has a Stand - up tanning unit and a Stand - up Spray Tanning unit.The business started 12 years ago (2007) with the same Owner who has recently had a child and lives in Milford, CT. This is also the reason she now wants to sell.This business can be run either absentee, semi absentee or the Owner can work part time or full time allowing for more Owner take home.Business has an excellent reputation because of its cleanliness, location, great service, and daily advertised specials, mostly Facebook which probably should be expanded to other social media and even print and radio advertising. New Milford has a popular radio station that has a lot of 2 - for specials from local businesses. This might be a great opportunity for a new Owner to investigate.This is a 7day, 71 hour operation. Paid labor for the remaining 63 hours. A new Owner can work 40 hours and only have paid labor for 31 hours. Any combination between these could be done. It is even possible to have the Owner work absentee. Every time the beds go on, the software (Helios program) will record as well as the cameras.Sales in 2016 were +/- $93,166,100,825 in 2017, 103,842 in 2018 and 128,244 is being projected for 2019. The proforma for a working Owner is +/- 134.657. The net, (Owners Cash Flow) for a working Owner (working 40 hours) is +/- $ 50,034.