Trevose, Pennsylvania: Stony Hill Business Brokers is pleased to announce the acquisition of Utopia Tanning Salon and Relaxation Center, a retail business located in Havertown, Pennsylvania by ARG Holdings, Inc., of Parlin, New Jersey.
“Mike Bankus of Stony Hill Business Brokers did an outstanding job of marketing our company for sale.” said Bob So, former owner of Utopia Tanning. While the specific details of the sale were not disclosed, Mr. So continued, “Stony Hill’s efforts resulted in a number of pre-qualified potential buyers, allowing us to get the full value for our company. I could not be more pleased.”
While a number of nearby franchised tanning salons closed their doors in recent years, Utopia continued to thrive and increased its sales with its good reputation for cleanliness and customer service. The acquisition by ARG Holdings ensures that local customers will continue to be served and that the business will remain a favorite for this prior “Best of Philly” Award Winner.
Stony Hill Business Brokers was contracted to market and broker the sale of Utopia Tanning, acting as advisor and point of contact for negotiating the terms of sale.
About Stony Hill Business Brokers: Stony Hill Business Brokers is Philadelphia and Central New Jersey’s business brokerage for industrial, manufacturing, retail, and B2B service businesses. Stony Hill’s full-service management of the buyout process and its track record of attracting highly-qualified buyers make it a top choice for business owners, serious about selling their business, as well as those looking for high quality investments.
To learn more, visit us online at http://www.stonyhillbusinessbrokers.com or call Managing Partner, Kevin Freeman at 215-543-3508.