For Sale
Well established Tanning shop business for sale
Wigan, Lancashire
- Asking Price: £49,995 +SAV
-
Turnover:
Full financials can be made available upon further request.
Please quote reference B06643
- Tenure: Leasehold
Please quote reference B06643
Hilton Smythe are pleased to have been given the opportunity to manage the sale of The Sun Spot which is a well-established Tanning shop with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular local business in an area teeming with customers.
The business was founded over 30 years ago and has been run as The Sun Spot by the current owner for the last 12 years and the business has been a real labour of love for her accruing many regular customers and a burgeoning reputation whilst under her ownership.
Alas this lovely little business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors wish to enjoy a well-earned retirement . She is keen to see her beloved tanning shop pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
The business has four sun beds including 1 stand up and 3 lie downs and all are regularly serviced and re-tubed as necessary. All beds are cleaned and sanitised before and after use. The business offers courses of tanning along with free sessions and also sells creams and tan shots.
The sale will include the company Facebook page and the business enjoys good visibility on the internet via websites such as www.yell.com, all-opening-hours.co.uk,findit.wigantoday.net etc.
Scope to Improve -
- Advertising and marketing campaign
- Maximise the use of social media particularly Twitter and Instagram
- Website ideally with an online booking facility
- Extend the opening hours, perhaps opening on Sundays
- Sublet beauty rooms to a complimentary business such as spray tanning, nails or brows etc
- A well-established business with an enviable reputation and many existing customers
- Prime trading position
- Low running costs with inexpensive rent and no business rates
- Current owner happy to offer a handover to ensure the continued success
- All fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership business.
This lovely little business is likely to attract considerable interest.
We are advised that the business is owner run and managed.
The business hours are -
Monday – 12:00pm – 7:00pm
Tuesday – 12:00pm – 7:00pm
Wednesday – 12:00pm – 7:00pm
Thursday – 12:00pm – 7:00pm
Friday – 12:00pm – 7:00pm
Saturday – 12:00pm – 7:00pm
Sunday - Closed
The Sun Spot is located in Wigan
Wigan is a large town in Greater Manchester. The town is midway between the two cities of Manchester, 16 miles to the south east and Liverpool, 17 miles to the south west. The towns of Bolton to the northeast and Warrington to the south are 10 miles and 12 miles away respectively.
Wigan is the largest settlement in the Metropolitan Borough of Wigan and its administrative centre. The town has a population of 103,608 and the wider borough of 318,100.
Wigan lies on the meeting point of two primary A roads, the A49 and A577 which link to the M6, M61 and M58 motorways.
The Sun Spot is ideally situated in a prominent corner position and is beautifully presented and maintained with clear visible signage and distinctive livery. There is free on street parking in the roads and streets surrounding the premises as well as an inexpensive public car park nearby that offers free parking for the first hour.
The Sun Spot occupies two floors of an attractive, end terraced, period property and is presented and maintained to the highest standards and is ideally suited to the trade.
The premises have been recently renovated at considerable cost to the vendor with new ceilings, wood effect laminate flooring, new signage and redecoration. There are now two beauty rooms that offer possibilities and would be ideal for spray tanning, brow s or nails for example , a toilet and kitchen area with a washing machine and three generous cellars that are currently used for storage. There is free customer parking area to the rear of the property.
Tenure
We are advised that the business is being sold on a Leasehold basis with a new lease offered to the buyer SUBJECT to satisfactory due dilligence and mutually agreeable terms. The current rent is £650 per month however, there is likely to be a new rental proposal as this hasnt been increased since 2009.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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