Solares Salon doomed in Hoboken

After being “for sale” back in 2006 (they wanted over a million for it!) Solares Salon at 727 Monroe Street bit the dust recently.

A cleaning service took over the space.

What’s up with that? You’d think with the Hoboken Population swelling – that more people would like to be “tan.”

Oh yeah, people are finally waking up and realizing how ridiculous “spray tans” are. I’m guessing that in 10 or 20 years, some report will surface saying that everyone who wasted money on those things are dropping like flies.

Solares Tanning Salon doomed in Hoboken NJ

Solares Day Spa for sale in Hoboken, NJ

7/9/2006:

There’s an ad online that is asking over $1MM for this “day spa” in the back of Hoboken. Not sure if it was a typo, since there was a duplicate ad for the same page asking for $565k.

However, at either price, I don’t see how this salon would be profitable. A couple massage tables and a few tanning beds?

If it was such a great investment, why are they selling?

http://www.petruzzellirealty.com/CommercialSpace.htm

Description: “Solares is a high end Spa featuring Facials, Brazillian Waxing, Eyebrow Threading, Massage Therapist, Spray Tanning, UV Tanning, Henna Tattoos, and Free Internet Access. Solares is located at the corner of 8th and Monroe, one block south of the 9th St Light Rail Station.”
Website: www.solaresnj.com (defunct)
Address:
727 Monroe St, Hoboken, NJ 07030
Telephone: (201) 420-9969

solares.jpg
solarestable.jpgsolaresbooth.jpg

Here’s the ad:

The Solares Spa is only three years young and its profitability trend is impressive.
Near 9th Street Light Rail stop, surrounded by all new development. Ideal location!

Items included:
- Bosch vent-less washer/dryer
- Lighting fixtures
- Stereos
- Tanning beds
- Mystic tanning machine
- (3) Dell computers + printer (wow, Dell’s!! Count me in!)
- All supplies & miscellaneous
- Glass shelves & desk

Real Estate Tax: $5,800/ 05
Insurance: $1,200/05
Utilities: $4,000/05

Owners will listen to all offers!

Offered at: $1,063,300 (negotiable)
(and an offer of $565k – which one is it?? Nice web design there, Petruzzelli)

Hoboken NJ

Technorati Tags: , , , , , , ,