Tan Salon Chain
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $850000
Net Profit / Cash Flow $250000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks / 20 hours.
Reason for Sale Personal.
Description This upscale and classy absentee run South Riverside County tan salon chain was established in 2001. There are currently 3 salons operating in the chain with a 60,000 plus strong client database. Clients can currently use any of the salons with their EFT or annual membership packages, and all locations have landlord approval to provide day spa options including facials, waxing, and massages. At least two of the three locations are already outfitted to do so. This highly profitable business is one the area's premiere salon chains. The chain is known for its professional yet friendly service, stellar equipment offering, and attractive build-outs. This opportunity is perfect for the current salon owner seeking to quickly expand their operation, or the entrepreneur who seeks to make a large splash in Southern California's tanning market, it also makes sense for the savvy day spa or Medi-spa service provider who seeks quick expansion and a captive client base.
No Broker co-op is available in this sale.
Each of the 3 salons is 1,760 - 2,900 square feet, with monthly rent ranging from $4,391 - $8,558 on solid leases with 5 year options. Each salon has state of the art lay down low pressure and high pressure tanning units, stand up beds, spray tan units, and rooms available (plus provisions in the lease allowing for) day spa services Based on the asking price established for the entire chain, all equipment will be paid off in the sale.
Competition in South Riverside County is considered high, as it is one of the tanning industry's strongest markets. This salon chain, however, has a distinct advantage as it is one of the most established in the area and boasts a formidable client base, and its convenient locations that are versatile enough to allow for an array of services.
New management may seek to growth via a variety of options including expanded day spa services at all locations, direct marketing to current, former and prospective clients.
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