Sizeable Tan Salon - Strong Monthly Revenues
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $297220
Net Profit / Cash Flow $151080
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2000
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description This Brea Tanning salon takes in between $5.4k and $10k per month in recurring Electronic Fund Transfer (EFT) business alone. The 2,000 sq. ft. facility offers tanning clients 13 rooms (some empty) with a wide variety of all levels of indoor tanning options, including a spray tan booth, stand up booths, and high, medium and low pressure lay down beds. The salon has the ability to double as a retail shop for boutique clothing and/or swimsuits, or potentially a partial day spa or hair care center.
This salon was completely renovated and rebuilt-out in 2006, with over $100,000 re-invested into the business to create a truly unique client tanning experience.
This 2,000 square foot facility leases for $6,500 per month, on a lease valid until January 2011, with a 5 year option. The profits indicated assume that the $75,000 balance in equipment payments ($2.1k/mo for 36 additional months) are paid off by the Seller in the sale. The Seller may consider a lower offer if the leases are assumed.
North Orange County continues to be a highly competitive tanning market. This salon currently has several significant potential long-term sustainable advantages over its immediate competitors, including a fantastic high-traffic intersection location.
This salon has all of the attributes necessary for success, included a solid equipment offering, a refreshing design and theme, and a good location with many options for modification. New owners may seek to add complementary services, but will likely seek to maintain status quo and continue to boost monthly EFT sales. A motivated full-time owner / operator will also likely see a higher average sales per client, resulting in greater profitability. Contact for more information on this Tan Salon for sale.
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