Tanning Salon In Shopping Center
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $317137
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 4 - 5
Inventory 1500
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This absentee-run tanning salon has been one of Valencia's premier high end tanning locations since 2002. The salon boasts the latest and greatest in high pressure, low pressure, stand up and spray booth tanning options. The salon can handle significantly more business, as it has in the past (to be explained by broker). All of the salon's major pieces of equipment will be fully paid for in the sale, creating a seamless transition for the new owner. With stable historical revenues (except for in 2006 - to be explained) and a dominant location, this salon should continue to provide a new owner a highly stable and profitable revenue source for the foreseeable future.
Facilities:
This 1,500 square foot facility leases for approximately $7,455/mo (including CAM) with a lease until 2010 with two five year options. The business is located in the heart of one of Valencia s busiest shopping centers, with a plethora of complementary neighbors including hair and nail salons, banks, and a large day spa.
Competition:
Competition in the Santa Clarita Valley is considered to be medium, however, the tremendous population growth in the area has supported high end salons such as these
Growth and Expansion:
New owners will seek to continue to operate the salon as it has been run to restore the prior 3 yr revenue levels (historical revenues have been over $400k). New mngt may also consider implementing customized spray tans or other such complementary services, but no equipment upgrades are deemed necessary.
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