Established Tanning Salon
Location California,United States
Asking Price Range < $250K
Gross Revenues $209754
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 1 - 3
Inventory 75000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours/week
Reason for Sale Other business ventures
Description This well established San Diego tanning salon captures local residents, commuting business employees, as well as the built in pedestrians that the high foot traffic area naturally provides. The recently remodeled salon offers top of the line tanning equipment, mystic and airbrush sunless tanning options, an array of spa services and a thriving retail division. This high end salon is in excellent condition and provides a new owner with a truly turn-key facility offered just before the start of the tanning season. This salon occupies an ideal location that offers some protection from the seasonal volatility that most salons contend with.
Asking Price $125,000.
This 1,450 square foot facility leases for $5,832 (including $2,017 in Common Area Maintenance expenses) per month on a lease through 2017 with options to be determined. The sale includes all the assets of the business including the furniture, fixtures, tanning equipment, inventory, name, website and customer list.
Competition is considered to be medium as other salons exist in the area, however this salon has a superior location and has remained dominant in the market area.
This business has been a solid performer since it opened and has remained strong despite a recent area remodel. It is now well positioned to grow with its new neighbors in place. As the existing owner is absentee, a new full time working owner will likely increase operating efficiency, customer service levels and the overall business performance.
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