| Seller's Discretionary Earnings: $58,342 |
| Fixtures Furniture, & Equipment: $15,545 |
| Inventory: Varies (50-100k) - Included in price |
| Financing / Terms: Negotiable |
| Number of Employees: 4 - 7 (varies) |
| Days and Hours of Operation: M-F: 10-9:30/Sat: 10-6/Sun: 10-5 |
| Franchise Information: N/A |
Facilities / Location:
The business is fully housed in approximately 2,848 square feet of prime
retail space within an established shopping center which provides a continuous flow of foot traffic. The space is leased with 2 years remaining on the present term. There is a 5 year renewal option with a minor inflation adjustment. The Company reports that they do not
anticipate any difficulties in securing a follow-on lease under similar terms
and conditions. |
| Lease Expiration Date: 2008 |
| Reason for Selling: Health Reasons |
Business Description:
This business represents a hybrid model combining a full service tanning salon with a woman’s retail boutique selling various retail products including, lingerie, swimwear, costumes, fragrances and related supplies. Each component seems to generate revenue for the other – so together they present an excellent synergy.
To enable absentee management and ensure a smooth transition to new ownership, the owner has created a very thorough Operations Manual which provides detailed coverage of all business
operations.
During the preceding 3 year period, the business has sold its products and
services to nearly 5,000 customers and maintains over 1,000 active members
(those which have utilized the tanning services offered by the salon within the
last 6 months).
The business utilizes 2 adjoining suites. The first suite houses the retail operation which is upscale and stocked primarily with swimwear and accessories (they carry over approximately 7,500 pieces during the “peak” season and about 3,500 pieces during the “non-peak” season). Thus, as the seasons change, the retail boutique “rotates” their inventory in the following manner:
• January - February, the focus shifts to lingerie for Valentines Day
• March - August, the focus changes back to swimwear
• September - October, the focus then becomes adult Halloween costumes, and
• November – December, Christmas items |
| Potential for Growth: Reciprocal marketing partnerships with many of the local area gyms and day spas and a "coupon" and direct mail marketing campaign could easily boost revenues. |
