Established Tanning Salon
Location California,United States
Asking Price Range < $250K
Gross Revenues $252800
Net Profit / Cash Flow $105755
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1991
Number of Employees 4 - 5
Inventory 30500
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This Woodland Hills / Calabasas Area tanning salon for sale is one of the most established in the area. The spacious 2,000 square foot facility boasts more than 15 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, and business commuters. The salon offers clients the convenience of automatic recurring monthly payments but does not aggressively push tanning packages. Rather, they seek to consistently offer a straightforward quality offering at a fair price. As such, there may be a great deal of opportunity for an aggressive new owner who seeks to upgrade the facility and its equipment and introduce a pricing schedule that's geared toward commanding a higher margin on tanning services. Asking Price $227,000.
The 2,000 sq. ft. facility leases for approximately $4,100/mo (including CAM) on a lease valid until 2016. All equipment is fully paid for and will be included in the sale. The facility has 2 - 200 AMP panels and a wide variety of indoor tanning equipment.
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. Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile indicating ability to purchase.
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