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Businesses For Sale   >>   Tanning Salons Businesses For Sale

Riverside County Tanning Salon Chain - 4 Locations

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $537290
Net Profit / Cash Flow  $71482
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2002
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
The Riverside County indoor tanning salon chain is comprised of 4 locations that command some of the best retail and service business real estate in each of their respective Southern Riverside County markets. Each of the salons boast an ideal mix of low and high pressure indoor tanning equipment, stand-up tanning options, custom airbrush equipment as well as the latest in spray tan booths! Asking Price $195,000 Each well-appointed location is spacious, and varies in size from 1,400 to 1,800 square feet. Each salon has a small boutique area, although retail sales have not been the current management's primary focus. The secure leases expire between May of 2015 and April of 2017, however, each has a five year option. All of the salon's furniture, fixtures and equipment are fully owned and will transfer in the sale. As indoor tanning is highly popular in Riverside County some competition naturally exists. This chain, however, is considered to be the premier incumbent salon chain in each of its respective markets. As the current owner would be deemed to be semi-absentee, tremendous upside potential exists for the party who seeks to be more active in the salon's daily advertising and marketing campaigns, or who seeks to be a hands on manager. Since each of the locations are near the epicenter of their local market, the salons could also be sold separately for between $65,000 and $95,000 each. The addition of a working owner in any particular location would save in wages and add an estimated $24,000 to that location's bottom line!


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