Description of the business for sale
THE COMPANY
This offering is one of Boise’s more well established health salons established in 1979 and under current ownership since 2005. The excellent reputation built over 28 years in the market coupled with professional, experienced staff and convenient hours makes this opportunity outstanding. The company maintains an extensive base of accounts with renewals appropriate to the market. Idaho’s four seasons make tanning almost a necessity for the outdoor enthusiast who will use the salons during the Idaho fall and winter seasons as both a health source and a tune-up for summer months. The salons are open seven days a week. The owners conducted an formal appraisal in 2006 which has an indicted value of $850,000.
THE LOCATIONS
There are two centrally located facilities with easy access and egress from home or office. The real estate “condo” facility is 2,800 sq. ft. and the second site is a 5,000 sq. ft. rental facility. The current rental is approximately $13.60/psf NNN. Currently the owners pay an additional $48,000 annually for the real estate acquisition which has been “added back” to the discretionary incomes reported.
ASSETS INCLUDED
This is a turnkey operation to include all real estate, furniture, fixtures and equipment. Also included in the price are all proprietary and trademarked intellectual properties, web pages as well as a residual income (contracts) for a specific number of years. Training for a reasonable length of time is available to a