Ultra Modern Tanning Salon
Location California,United States
Asking Price Range < $250K
Gross Revenues $124140
Net Profit / Cash Flow $53224
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 4 - 5
Inventory 50300
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This high-end ultra-modern Newport Beach / Santa Ana Area salon for sale, with over $150,000 invested in the build-out, was established in 11/03 and has had the utmost attention to detail given in its development and design. The Salon boast a total of 10 high-end indoor tanning beds, including a Mystic Tan, a Stand up unit, and 7 other top of the line beds offering high, medium and low pressure tanning.
Asking Price $69,000.
This salon is housed in a 1,588 square foot facility with an official monthly rent of $4,641 on a 10 year lease that expires in November, 2013, with one 5 year option (the rent has since been temporarily lowered to $2,638 until 8/2010). All of the tanning equipment is fully paid for and will be included in the sale, as will the businessss goodwill
Orange County is considered a competitive indoor tanning market due to its ideal market dynamics - image conscience consumers with relatively high discretionary cash flow.
New owners will likely seek to work at the salon full-time, and engage in an aggressive marketing campaign. New management may also consider expanding the retail product offering, as potentially adding additional complementary services (landlord permitting).
Click Here To Contact Seller
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