Tanning Salon - Shopping Center Near Gym
Location California,United States
Asking Price Range < $250K
Gross Revenues $276000
Net Profit / Cash Flow $145000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 4 - 5
Inventory 1500
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This brand new absentee-run tanning salon is poised to be one of the biggest producers in the Santa Clarita / Valencia area. The salon has $280,000 worth of brand new, top of the line tanning equipment including high pressure lay down and stand up units, a spray tan booth, combination and regular pressure lay down beds. The salon is strategically located in a new shopping complex across from a brand new mega-gym, and at a major freeway exit that just opened. As this location is just in its infancy, there is no telling how far a seasoned salon owner, a new operator, or an owner operator can take this opportunity.
Facilities:
This 1,500 square foot facility leases for approximately $6,176/mo (including CAM) with a lease until 2015 with 2 five year options. The business is in a brand new shopping complex with a major gym and fantastic freeway access, located in what is anticipated to become one of Valencia s most highly trafficked areas. All major equipment will be fully paid off in the sale.
Competition:
Competition in Valencia is moderate, however, the city and its surrounds continue to grow at a breakneck pace.
Growth and Expansion:
New owners will likely seek to allow the salon to reach mature sales volumes with little to no changes. New management should continue to market to capture new residents, formulate promotions with the neighboring gym, and ensure continued stellar customer service offerings. A new owner may also seek to consider adding a customized spray tan option, body wraps or a photo facial machine.
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