1 WithheldNew Milford, CT 06770MLS Number 170247966

  • Price: $89,900
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Federal 30-year interest rate: 2.96% last updated on Jun 10, 2021
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1 Withheld New Milford CT 067701 Withheld New Milford CT 06770
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  • 1,200Square Feet

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This 1,200 s.f. Tanning Salon has 4 lay-down tanning beds (2 Level 1's, 1 Level 2 and 1 Level 3). It also has a Stand - up tanning unit (Ultra 10) and a Stand - up Spray Tanning unit. The business started 12 years ago (2007) with the same Owner who has recently had a child and lives in Milford, CT. This is also the reason she now wants to sell. This business can be run either absentee, semi absentee or the Owner can work part time or full time allowing for more Owner take home. Business has an excellent reputation because of its cleanliness, location, great service, and daily advertised specials, mostly Facebook - which probably should be expanded to other social media and even print and radio advertising. Danbury has a popular radio station that has a lot of 2 - for specials from local businesses. Sales in 2016 were +/- $93,166,100,825 in 2017, 103,842 in 2018 and +/- 128,244 is being projected for 2019. The proforma for a working Owner is +/-134.657* The net (Owner's Cash Flow) for a working Owner (working 40 hours) is +/- $ 50,034. This business is located in southern New Milford, CT. Plenty of parking is available. The current rent is $2,385.90 per month including all nets. Rent increases 3.0% per year. A new lease may be written for the new tenant. Space is 1,200 s.f.. More info on this business is in the Addendum! *Keep in mind, this business has been affected (as most of all businesses) by the 2020 Co-Vid Pandemic.

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Property Details

The Matthews Group
The Matthews Group
Office: 860.868.0511
4 Green Hill Road
Washington Depot, CT 06794
Listing Courtesy of Blanket Real Estate

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