Tanning Salon With Growing Revenue
Location California,United States
Asking Price Range < $250K
Gross Revenues $109000
Net Profit / Cash Flow $32000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 1 - 3
Inventory 350
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This well established La Habra Tanning Salon for sale with Growing Revenues is an ideal owner / operator opportunity that will provide the new working owner a turn-key income provider with little to no additional investment. This salon, which recently had a new 4 ton air conditioning unit installed, offers clients a variety of low and high pressure indoor tanning equipment, as well as a Mystic Tan Spray tan booth.
Asking Price $29,000.
The 1,500 square foot salon leases for $2,673 per month, plus $678 in common area maintenance charges on a lease valid until 2012, with potential options to extend. All of the equipment is paid for and included in the sale (except a minor display).
Competition is considered high as there are certainly other salons in the area. The small mom and pop salons, however, have recently closed down allowing this location to become increasing profitable year over year. As an incumbent salon, this location should have the staying power outlast any competition that has experienced lower year over year sales due to the recent economic downturn which has had some impact on the indoor tanning industry (as it has also impacted Starbucks, etc.).
A new owner / operator may seek to engage in an aggressive marketing campaign to attract clients that the recently closed salons lost. New owners may also consider the addition of an customized airbrush tan option, the introduction of additional retail products (if the landlord allows), or the addition of complementary services such as body-wraps, massage, etc. (again, if landlord approves).
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