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Businesses For Sale   >>   Hair and Beauty Businesses For Sale

Absentee Owned Tanning Salon

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $289110
Net Profit / Cash Flow  $113435
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2009
Number of Employees  4 - 5
Inventory  45000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
The absentee owned Studio City Area indoor tanning salon has been a profitable celebrity favorite since its inception. The now well established salon gained a foothold in this coveted market at its launch, & has continued to grow ever since. The business was developed with the expectation that it would be the flagship location for a multi-location franchise chain, so every aspect of the salon, its concept and business model have been thought through. Asking Price $195,000. The salon boasts a stellar array of high end indoor tanning equipment including an industry leading high pressure bed, low and medium pressure lay down and stand-up tanning options, as well as the most popular spray tan booth on the market today as well as a custom airbrush tanning option. The salon even offers its patrons additional services, with a manager's office and storage room. The salon has a desirable, and highly visible location with excellent freeway access along a major commuter throughway that allows it to cater to customers that not only live or work in the area, but that commute through. This salon's high traffic location and its unique market position provide it a market position that should help ensure its long term popularity and success. The closest tanning salon, who is not deemed to be a major competitor as it caters to a slightly different client demographic, is 3 miles away. The salon is reported to be the only provider of one of its most popular pieces of new equipment within 5 miles. With a motivated & experienced owner, the salon could quickly grow into a high six-figure business, as well as a multi-location chain due to its celebrated business model & its loyal following. The business's current demand has remained consistent as the salon has achieved 5-10% annual growth rates. Since the location has not reached anywhere near its capacity, it is still able to accommodate additional businesses without impacting the quality of its customer service offering.


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