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Businesses For Sale   >>   Hair and Beauty Businesses For Sale

Long Beach Tanning Salon - 2 Locations

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $393149
Net Profit / Cash Flow  $122592
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1991
Number of Employees  1 - 3
Inventory  52000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

This greater South Bay and Long Beach area tanning salon chain is a market leader in its two to three respective markets. The chain has been the area incumbent for several years, and as result has simply become known as the place to go for indoor tanning. The salons boast a varied mix of high, medium and low pressure lay down and stand-up indoor tanning units, ultra-violet free spray tan solutions, as well as other complementary services. Asking Price $220,000 The salons are approximately 1,900 square feet and lease for $2,400 and $3,100 per month, with $670 and $790 in common area maintenance charges on leases with coverage until May 2020 and July 2017. All of the business's furniture, fixtures, equipment, customer list, lease rights and goodwill will be included in the sale. As this is the incumbent salon chain in its immediate area, these salons face little direct competition and may be considered to dominate their respective markets. As a result direct competition is considered to be extraordinarily low when compared to the typical Southern California indoor tanning market. New owner may wish to evaluate increasing revenues and profits in any number of ways. The salons do not have a diverse retail selection as they stick to indoor tanning lotions. New operators my consider offering additional retail items such as glasses, swimwear, boutique goods, cosmetic products or accessories. New operators may also consider the addition of a complementary service provider such as an esthetician, massage therapist, etc. Finally, since the salons are so well known management may not advertise or market as much as is optimal to ensure top of mind awareness to current or former clients, or to potential new clients.

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