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Business for Sale Summary

Tanning, Wax, & Lash Salon in Union County, NJ - 30260

Business Type: health/beauty/nutrition supply,beauty salon/ barber shop,nail salons,other personal services,spa / dayspa,absentee business,best deals!,business with property available,seller financing available,tanning salon
Tanning, Wax, & Lash Salon in Union County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $255,000 Down Payment $255,000
Gross Revenues $351,037 Lease Remaining Register Free to View
Owner’s Cash Flow $122,793 Number of FT Employees Register Free to View

Financing

$255,000 Down and Financing possible for a qualified buyer with good credit. (PROPERTY AVAILABLE THROUGH LANDLORD FOR $900k)

Business Description

Tanning, Wax and Lash Salon. RUN ABSENTEE. FULL MANAGEMENT IN PLACE. **MAJOR PRICE REDUCTION** Established 16 years. Very limited competition. This business is currently run by an owner who lives out of state. It occupies a spacious 4,000 sq. ft. space, complete with over 23 tanning beds. They recently went through a major remodel, adding a new washer and dryer, new tanning beds, new airbrush room, new waxing rooms and eyelash extension area. There is a camera system in place that can be viewed remotely from anywhere (10 cameras). There is a F/T manager in place who oversees daily operations. You can keep the manager, or act as an owner/operator and reduce payroll. In the past 12 months, the business grossed approx. $351,036.51, with a net cash flow of approx. $122,793.00. The owner keeps excellent financial records. The current figures represent tanning sales, alone. Waxing and lash services are now officially offered. The licensing just came in. There are 12.5 years left on the current lease, at a rent of $6k/month. The business has its own gated parking lot. There is an option to buy the property directly from the landlord for $900k. We are seeking a serious and financially qualified buyer with at least $255k in liquid funds. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.