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BUSINESS FOR SALE - PROFILE #  42590015

Tropi Tan
St. Louis, MO

Asking Price: $415,000   Down Payment: $415,000  
Gross Revenue:   Adj. Cash Flow*:  
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Executive Summary
Mission Statement Our priority is to enable Tropi Tan franchise owners to provide their salon guests with personalized customer service that promotes responsible tanning in a clean, fun and professional environment, as well as promoting responsible and accountable business practices for the benefit of the people they employ, and the communities in which they serve.

Acquisition Highlights

  • Unique Opportunities Options – In order to help accommodate any special market circumstances, as well as your own financial situation, Tropi Tan offers various salon options. Our goal is to insure that you have the right mix of products and services for the market you will be serving. Single Franchise – Tropi Tan offers a single franchise agreement that permits an individual or entity to own and operate a single Tropi Tan franchise in an approved location. Area Development – Tropi Tan is interested in working with area developers. Area development inquiries will be reviewed on a per-case basis to determine if the area development arrangement will serve the best interests of existing franchisees, as well as the future growth and development of the system.
  • Support – Whether the need is for technical, operational or managerial assistance, the franchisor can be counted on to provide it. Plus, it’s always nice to have someone knowledgeable with whom to brainstorm new ideas. There is a two-week training period at the corporate office in Flint, MI. The first week is focused on business and industry information. The second week is spent working in a salon in order for you to learn how to correctly apply the material you learned during the previous week. Experience & Knowledge – The experience and knowledge of the franchisor’s management team increases your potential for success. With a franchise, you automatically have an experienced partner to help you. Standards – Franchisors set standards and guidelines that must be followed. This helps to maintain the quality and integrity of the concept and system. Planning – Developing a business plan is a critical part of a business’ success; the franchisor can help you develop your plan. Marketing/Advertising Assistance – The preparation and development of professional advertising campaigns is done by the franchisor. An independent business owner would not usually be able to afford the level of expertise and penetration of marketing and advertising that a franchise can offer. Start-Up Services – There are so many variables in getting your business up and running that it can be extremely frustrating, time consuming and costly if you haven’t done it before. The franchisor has a great deal of experience that will reduce or eliminate costly mistakes that can delay or prohibit the opening of a new business.
  • How much will my total initial investment be? The total investment is between $191,500 to $380,000 (Plus working capital). What is the royalty fee? The greater of 5% of total gross sales, or a minimum of $400 per month. What is the national advertising fund percentage? 3.5% of gross revenue with an eligibility to be refunded up to 1% for gross sales advertising placed in your local market. How much is the franchise fee? The fee is $25,000 for one salon. There are discounts on this fee with multiple salons.
  • Following are the steps to opening a Tropi Tan franchise: Confidential Application: By requesting more information through this web page or by calling us, we will send you an information packet along with the Confidential Application Form. The information you provide is held in strict confidence and does not obligate you in any way. Approval Process: Upon receipt of your completed Tropi Tan Confidential Application Form, it will be thoroughly evaluated. Approval of your application will be made as quickly as possible, normally within 48 hours. UFOC: Upon approval, you will receive a formal letter from us and additional information in the form of a UFOC (Uniform Franchise Offering Circular). This information complies with state and federal requirements, and offers another way to measure the Tropi Tan franchise system. You will be asked to sign an acknowledgement of receipt of the UFOC, which must be returned before we proceed to the next step. Personal Meeting: We invite you to our headquarters to meet the corporate staff. This face-to-face, one-day meeting will help build a strong foundation of mutual trust and respect, and provide you the opportunity to explore more details about the Tropi Tan system. Market Analysis: Upon approval and receipt of deposit, we will begin an analysis of the market in which you wish to open a Tropi Tan salon. If the criteria does not fit the first market you have chosen, we’ll work with you to find a more suitable market. Site Selection: Once all market criteria have been met, we’ll provide you with site search assistance. This will be in the form of a comprehensive manual to use as a guide, as well as personal service, experience and advice to guide you to finding the perfect location for your salon. Design and Construction: Our experts will construct your salon based on the site and equipment package selected. The salon will be designed using the approved furniture and equipment package approved by the corporate office. Training: After your site selection is finalized, we will schedule your training at the corporate headquarters. This two-week program will fully prepare you to operate and run your Tropi Tan salon with complete confidence! Grand Opening: The final step is getting all the equipment and furniture items installed and ready to open. A corporate representative will be with you through the first week to insure everything is ready to go and help get you off to a great start!
  • The size of your salon will vary depending upon your financial situation and the market conditions. The average size is between 2,500–4,400 square feet. Market Analysis – It will be important that you locate your Tropi Tan salon in the right market to put you on the path to success. Our staff will work with you to insure that the market selected will meet specific criteria already established. Site Search Assistance – Our experienced staff will be able to help guide you on finding the best site for your salon. Along with a comprehensive guide, our personal assistance in lease negotiation will help get you the best site and accommodations for your money. Salon Design & Construction – Tropi Tan has invested a great deal of time and money in developing a unique and sophisticated design that will enhance the tanning experience for all our salon guests. The design was developed with an ease of installation and set-up in mind. This new construction method helps reduce site build-out time and costs, so you can get your salon up and operational in the shortest possible amount of time.
  • At Tropi Tan Salons, we know tanning! Since 1979, no other Michigan salon chain has more experience in the indoor tanning industry than we do. Our staff is educated in the properties of ultraviolet light, the tanning process and the proper use of UV light for indoor tanning. Tropi Tan salons strictly adhere to recommended UV exposure schedules and we insist that all tanners wear FDA compliant protective eyewear during all tanning sessions. We educate our tanners in the use of indoor tanning products to enhance their results while protecting their skin. At Tropi Tan, you’ll find only the very best, most technologically advanced UV tanning systems, equipped with lamps that comply with federal regulations. Our facilities are maintained to the highest standards of cleanliness and sanitation.
  • Financing Information:  SBA, Conventional, Cash
  • This business is a franchise
  • This business can be relocated
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1979 Inventory:
Furniture, Fixtures & Equipment:
Real Estate:
    Total Assets Included in Sale: $415,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Jeff Kalil
Phone:  (314) 833-9207
E-mail:  jeff@vrgatewaystl.com
VR Business Brokers-ST. LOUIS, MO
10805 Sunset Office Drive
Suite 102
St. Louis, MO 63127
www.vrgatewaystl.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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