West Hills Tanning Salon - Ideal For Owner / Operator
Location California,United States
Asking Price Range < $250K
Gross Revenues $185684
Net Profit / Cash Flow $66762
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1988
Number of Employees 4 - 5
Inventory 35000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description This well established West Hills tanning salon has been and continues to be a local favorite. The spacious 2,000 square foot facility boasts more than 10 high, medium and low pressure tanning units, a stand-up tanning bed, as well as a spray tan option. The salon has a very loyal following comprised of local residents, employees from neighborhood businesses, and those keeping physically fit in a nearby gym. The salon offers clients the convenience of automatic recurring monthly payments (EFTs - approx. $2,400 per month for $29,00- per year) but does not aggressively push tanning packages. Rather, they seek to consistently offer a straightforward quality offering at a fair price.
The 2,000 sq. ft. facility leases for approximately $3,800/mo (including CAM) on a lease until October 2012, with options to renew to be negotiated. All equipment is fully paid for and will be included in the sale.
Some competition does exist in the area, however, the market has been somewhat mature and stable over the past several years, providing for a steady cash flow with consistent margins.
New owners will likely seek to operate the salon themselves, and aggressively market to the local residential, business and student community as the current owner does no marketing. New owners may seek to evaluate the addition customized spray tan services, or a revised pricing strategy. The Buyer may also consider renovating the facility and adding complementary services such as body wraps, photo-facials, or massage services. Asking $175,000. Contact for more information on this Tanning Salon for sale.
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