Profitable Tanning Salon For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $230916
Net Profit / Cash Flow $70798
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2002
Number of Employees 1 - 3
Inventory 83000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Focusing on new career.
Description This absentee and profitable North County tanning salon for sale is known for its ultra clean facility, friendly staff and quality tanning equipment. Established for over 7 years, this successful operation provides clients with an excellent mix of low pressure and high pressure Ergoline beds, and a build out that rivals some of the best salons in town. The salon's excellent staff operates the day to day activities, providing the owner the freedom to focus on other ventures and occasionally work at the salon on weekends. Asking Price $170,000.
The salon is located in a 1,500 square foot facility that leases for $4,700 per month (including CAM). The lease offers a five year term expiring in November 2013, with one 5 year option. The sale includes all the assets of the business including the name, buildout, equipment, furniture, fixtures, customer base, goodwill and approximately $3,000 in inventory. The salon includes 11 rooms with 9 beds, a standup unit and a Mystic spray tan booth.
Competition is considered medium as other tanning salons exist in the area, however this facility is conveniently located in a coveted ''pocket'' of North County, free any of direct competition for nearly 2 miles.
While successful, this business still has some growth potential. The salon would naturally benefit from a full-time working owner who could be more active in its day to day operations. A new owner may increase marketing via direct mail, coupon advertisements, vehicle flyers, and offer periodic email specials to ''premiere'' customers.
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