Downtown Tan Salon Well Equipped & Poised For Growth
Location California,United States
Asking Price Range < $250K
Gross Revenues $107600
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 4 - 5
Inventory 500
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks / 20 hours.
Reason for Sale Personal.
Description This 2-year-old tanning salon located in Downtown Los Angeles, near a major university, is positioned to capture the business of the college tanning crowd, downtown professionals, as well as the growing number of downtown residents. The well-appointed and aesthetically pleasing salon comes fully equipped with a variety of new equipment, a fantastic build-out, and a location poised to capture future growth for a number of reasons to be disclosed at a later date.
The 1,300 sq. ft. facility leases for approximately $3,097/mo (including CAM) on a lease until May 2008, and 1+ options and additional available. The business is strategically located in between two major client centers, downtown Los Angeles and a short walk from a major college campus. The sale includes a variety of new tanning equipment, including lay down beds, a stand up unit, a spray tan booth, custom airbrush, and additional complementary equipment. Approximately $65,000 of equipment leases will be assumed by the new owner, with monthly payments of $2,115, with 3 years remaining on the leases. The $60,000 in indicated profits assumes the equipment is paid off at an additional cost. A working owner's profits, with the leases assumed in the sale, would likely be approximately $33,500.
Competition near the Campus does exist; however, there will be future changes in the competitive dynamics in the area which may position this salon to potentially obtain the competitor's market share.
New owners will likely seek to operate the salon themselves, and aggressively market to the downtown business and residential community, as well as to the nearby student and University community. Contact for more information on this Tanning Salon for sale.
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