West Valley Tanning Salon With Dominant Market Share
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $608093
Net Profit / Cash Flow $264286
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 4 - 5
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours/week
Reason for Sale Personal
This absentee run fast paced West Valley tanning salon has become a real earner with dominant market share in its geographically protected market. This salon has a distinct brand, that promotes a healthier lifestyle and safer alternative to tanning that is loved by many celebrities and other high end clientele. This salon, which is located adjacent to a major gym and enjoys excellent freeway access, boasts a comprehensive array of high, medium & low pressure indoor tanning beds and stand-up units and more.
Asking Price $599,000
This highly spacious salon (with additional room to grow) leases at a favorable reduced lease rate on a secure long term lease, with two 5 year options. The salon has state of the art high, medium & low pressure tanning beds as well as ultraviolet light free spray tanning options that are fully paid off and included in the sale, and a remarkable 14,000 client database. The salon is powered by three 200 AMP electrical panels offering 600 total AMPS, and is kept cool via three 5 ton air conditioning units.
This facility's unique location provided it dominate market share in its protected market. Its location, coupled with its stellar service and equipment offering, its superior staff, and finally, its ability to accommodate another 5-6 indoor tanning beds provides it a sustainable competitive advantage over incumbent salons and prospective industry entrants.
This salon could potentially benefit even further from sales oriented full time working owners who could help insure the highest average dollar sale per client, while also potentially guaranteeing an unmatched customer service experience. While the salon is already firing on all cylinders so to speak, new management may seek to capitalize the on the spacious facility's vacant rooms via the addition of more tanning or service options such as massage service, hydrotherapy, photo facials, body wraps, endermology, reike, personal sauna's or other such complementary services.
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