Address
1 Withheld New Milford, CT
Price
$ 89,900
Property Attributes
  • MLS#170247966
  • TypeCommercial
  • CountyLITCHFIELD
  • CityNew Milford
  • Zip06770
  • StyleBusiness For Sale
  • Price$ 89,900
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1200
Listing Provided Courtesy Of:
Blanket Real Estate
Data Source:
GFC CMLS and CTMLS (SmartMLS)
Property Description

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.

Price History
10/28/2019 Listed $104,900
9/27/2020 15% - $89,900

General Features

Business Name Tanning Salon
Equipment Included 4 lay down beds (2 Level 1's, 1 Level 2, 1 Level 3), 1 Stand-up Tanning, 1 Stand-up Spray Tan, Wax Room, Laundry Room Reception Area and Bathroom
Location Suburban, Strip Mall
Neighborhood N/A
Present Use Tanning Salon
Property Type Business For Sale
Status Active
Utilities Available Gas Available, Telephone
Year Business Established 12
Zoning Bus

Interior Features

Cooling System Central Air
Heat Fuel Type Natural Gas
Heat Type Hot Air
Restrooms Number Of 1
Sq Ft Source Owner
Sq Ft Total 1200

Exterior Features

Garage Parking Info Off Street Parking, Parking Lot
Road Frontage Description State Road
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 06770

Price
AVG $480K
$90K
Visits
AVG 99
105

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