Salon for sale in Western PA

[EliteMike]

Salon opened April 17th 2007. Need to let go due to employment opportunity and a change in my career path. This salon is NOT failing. Best month of revenue during first year of business peaked at 21 grand.

I am selling this as a turn key salon so lets keep the lower the price comments out of here. I'd rather let the salon go under than take less. The price I will specify below is to pay off all leases and outstanding business loans. I will not walk away with much if any money. Salon will be sold with everything relating to the business. My asking price is much less than what I put into the place to get it open. The electric work that is already done would most likely cost around 60 grand now.

NOTHING WILL BE SOLD ALONE, this is an all or nothing deal.

Closest full tanning salon is 8 miles. The town it resides in has a few hair salons with inadequate parking and machines that should be scrapped. Area is set to boom in the next couple of years. Lots of parking. Sits in between an upscale hair salon and a snap fitness. Salon carries exclusive rights to tanning beds in the plaza. Database has over 1500 clients. We averaged 80-100 clients daily in the peak season. Presently we are still seeing around 50. Largest Highschool in PA is less than 5 minutes away.

Rent is $2329.99 + on average 90-115 for cam depending on water usage. 1.5 years remaining on present lease. 3 extra 3 year options were negoiated. I do not have the details of it in front of me, but price has been fixed and it's not a major increase. This could possibly be renegotiated and may even need to be

Liability insurance should be no more than $3000, required to have umbrella clause. exact price is not handy, but I know it's under 3g

Payroll and associated taxes are dependent on how you want to run the place. The less employees the better. During Peak season I had 2 employees plus myself at night. off season would just be me if I was working the salon still. What you do with the employees is up to you. Some clients love my employees and that's all I'll say. They can sell when the want to which is a problem that I've been trying to fix for over a year.
Heat is done by Gas, bills were never more than $50.00 per month during winter. The beds do the heating

Looking at my P&L statements WILL NOT do you much good because of my leases and loan payments. If you chose to takeover payments then they could be of use, I do not recommend this unless you have deep pockets. If that was the case then the salon's price goes down as well drastically. Taking out a loan or better yet purchasing with cash would leave you with the items I have specified. There are other small purchases from month to month as well. Leases have a little under 3 years remaining. Again, I am leaning towards a full buy out

3 beds are due to be relamped soon

Highest electric bill was $1,200.00

Cable internet is $59.00 could be cancelled for something else

vonage phones is $32.00 could be cancelled

Water cooler rental is no more than $35.00 a month. Could be cancelled to sell products

Presently credit processing with rbs lynk

Minimal advertising has been done over the course of the year

• 14 modular tanning rooms made by Eurowalls
• 2000 sqr
• 1 S&D room that contains a Formostar purchased less than a year ago.
• 600 amp 3 phase seperated into a distribution panel and 2-200amp panels
• 10 tons dual stage roof top AC
• 2 1 ton portable units vented into drop ceiling. these units are for the Sun Italia Magic. AC does a solid job keeping the salon comfortable. all units are vented to drop ceiling
• tile loby with maple laminate flooring in the tanning rooms
• washer and dryer, purchase new upon opening
• norvel spray unit with backdrop purchased in November
• 3 ProSun X5 SPr <600hours purchased
• 1 ProSun X7 < 380 purchase
• 1 2003 Sun Italia Magic with Mug 6 refurbished <310 hours
• 3 ProSun Lumina C beds on Revenue share. These may not stay with the business if i pull out, but that will be determined later, there is a handfull of details that need to be known about the revenue share units.
• 1 ProSun Delta on rev share
• 1 ProSun Lumina E on rev share
• Salon is wired with tmax. tmax manager and POS computer belong to revenue share company. I could possibly come to a deal with them on keeping everything in the salon and it's actually the course of action I'd prefer to take even if it costs money.
• 2 front desk computers and a central server housing the database.
• 2 LCD TVs mounted on walls, one in lobby, one in formostar room.
• rooms are wired with 4 channels of audio. 1 xm radio with another year of service remaining
• 1 UV 5.0 meter
• Training will be included unless it's not needed
• whatever inventory remains at time of purchase will be on hand
• There are no long term commitments excapt efts which are no lower than $30.00 per month.

2008 year to date revenue will be given to serious buyers only.
PM for more details, respond here if there are any general questions.

$245,000

[solman]

Good luck Mike...I hope you get every cent.

[JustTans23]

Good luck! I hope you'll still be around on the boards!

[Kathe]

This is an absolutely beautiful salon! And a great clientele from the ones I saw. Nice demographics. Someone who works this salon could make a nice income.

[EliteMike]

I'd even consider a debt takeover....Although I do not recommend this one bit.

[Derf]

Good luck Mike. I think this is a tough time to sell or even give away a tanning salon.

[EliteMike]

yes I know, thankfully it's not life or death. I just don't want to put the burden on my family anymore.

[EliteMike]

bump

[EliteMike]

bump

[tuscantan]

Hey Mike, you still selling me your X7??

[EliteMike]

can't sell it, due to lease

[EliteMike]

Please make sure your email is valid if you request info

[icylight]

where is it located in western pa...

[EliteMike]

Zelienople/Harmony

[EliteMike]

Great turn key salon

[EliteMike]

The revenue share beds can be terminated

[aimeekat]

Yay! So you did find out about that? Cool for you!

[EliteMike]

yeppers, could be a 10 bed salon with no strings attached anymore

[Brian Oshman]

Need an asking price.

[EliteMike]

my fault, I took it off to update it with the brokers price,