Two Excellent Tanning Salons
Location California,United States
Asking Price Range < $250K
Gross Revenues $336534
Net Profit / Cash Flow $99728
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1997
Number of Employees 6 - 9
Inventory 116000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description This North County San Diego tan salon opportunity presents an aspiring operator an excellent opportunity to enter the tanning industry. With over 10 years in the community, this business has developed a stellar reputation for providing excellent service and giving its customers a first class tanning experience. The salons and the equipment are in very good condition, with most of the beds purchased within the last four years.
The first location is in a 1,512 sq. ft. facility leases for $2,458 per month on a lease with 2 years remaining, and the potential for options. The sale comes with all the necessary furniture, fixtures and equipment fully paid for, and included in the sale.
The second location is in a 1,400 sq. ft. facility leases for $3,450 per month on a lease with 2 years remaining, a 5 year option, and the potential for options. The sale comes with all the necessary furniture, fixtures and equipment fully paid for, and included in the sale.
Competition is considered medium as other salons exist in the area, however this business has been serving customers for over 10 years and has maintained a well known trade name with a reputation for quality service.
With an already established trade name, these businesses could generate additional revenues via additional marketing in local publications, direct mail to local businesses and residences, co-op marketing with other businesses in the center, direct mail to current and historical clients, and the addition of a Mystic or Magic spray tan system (as they currently do not offer or promote these services). Naturally, a full-time working owner, or the addition of a new medium to high pressure bed will likely significantly increase the average dollar sale.
Asking $199,000.
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