Sold

Thriving Tanning Studio in Affluent Area

Sale, Greater Manchester

£39,950 +SAV

Ref: 12542 D

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Description

Hilton Smythe would like to introduce to the market Cool Tan Ltd. This popular tanning studio was originally founded by our client in 2013 and is very well known in the area, benefiting from a high amount of repeat trade, currently having over 3500 unique clients registered, increasing month on month by approximately 70. The studio is very well presented with vibrant décor and neon lighting and offers state of art lie down and stand up beds. With professional guidance from staff on safe tanning and tanning products available to purchase. The business reports a healthy turnover of £75,500 plus according to 2016 accounts. The business also benefits from an income of £40 per week from a rented nail station/ area. In addition there is a private, lockable beauty room currently set up for spray tanning/ beauty treatments, but can be utilised for several purposes, which opens up the potential to generate additional income if let for further beauty treatments. There is a further private room currently housing a Flabelos Personal Vibration Plate with personal remote TV . The owner currently has various displays selling ladies clothing and ancillaries, this independent business has a profit of around £6,000pa. The owner is comfortable to either indicate the clothing suppliers to carry on this business or this area could be rented yielding around £2600pa. Either of these sums are not shown within Cool Tan's accounts. We believe the business has huge potential to increase turnover due to recent price increases of 20% across the business and we are advised there will be no business rates in 2017, a saving of £5500. There are no bed rental costs as they are owned outright by the business. The current 15/16 accounts indicate a sum of £8,500 in bed rental/ loans that due to the recent purchase of the beds would not be a cost in the current year. Further savings / increased profits will be indicated by the owner to any prospective purchaser at the time of negotiations. We highly recommend early viewing of this turn key business with potential for future growth, with our client willing to offer a two month period of background support to the new owner if required.

Tenure

Leasehold

We are advised Leasehold. Original lease length is 13 years, due to end in August 2018.New lease available on expiry. Rent is £13,500 per annum

Hours

The business opens:- Monday – Friday 11.00am – 8.30pmSaturday 10.30am – 6.30pmSunday 11.00am – 6.30pm

Staff

The business is owner run and managed with the assistance of 5 part time members of staff.

Financial Profile

The business reports a healthy turnover of £75,500 plus according to 2016 accounts.

Location

The business is located in the affluent town of Sale, Greater Manchester. Cool Tan Ltd occupies a prime trading location on the busy commuter road A56 between Sale and Altrincham with constant passing trade and a high volume of foot traffic. The business sits within a busy retail parade serving the many residents living in this prosperous area and further benefits from a large area of private parking directly outside. Sale is around 7 miles from Manchester City Centre, the area is easily accessible from the M56 and M60.

Premises

Mid parade premise, set back from main road with a large free multi place parking to the front and 2 private spaces to the rear of the premises. Main waiting area with sofas, reception area, nail station and 3 extremely large over sized cubicle style rooms for lie down sunbeds. Nail/Beauty open area and a separate private lockable spray tan beauty room. Stand up sun shower room and a Flabelos room at the rear of the property. There is also a small kitchen and a staff and client toilet. 3 Zenith lie down bedsStand up aurora sun showerFlabelos personal vibration plate machine1 sofa45” TVFree wifiElectric water cooler3 phase electricAutomated T-Max bed control system from the reception areaOscillating, remote individual room fansCool air system within total shop premisesSocial media presence inc Facebook [400plus], Twitter & Website [www.cooltan.info]Dedicated email address - utilise for proportional offersFull Planning, Building Control in placeFire alarm - professional fittedPremises alarmedSecure automatically controlled front access door [from reception]UV reader included [this indicates when tubes need replacing]Tubes - 2No beds have 'Blue Twist' & 1No bed has 'Collatan Maxi Pink Twist' [giving clients Collatan & tanning benefits]Visa facilities available Assets and equipment worth an estimated £40,000.

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