Upscale Tanning Salon & Spa
Location California,United States
Asking Price Range < $250K
Gross Revenues $159876
Net Profit / Cash Flow $67819
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1990
Number of Employees 1 - 3
Inventory 500
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks / 20 hours.
Reason for Sale Personal.
Description This quaint, classy South Laguna Beach Area tanning salon and spa is perfect for an esthetician, a beauty technician, or a new salon owner. With a 15+ year history, and a client base of 1,817 active, and 4,000 on file, this salon already has a solid reputation as a community-oriented business that is consistently profitable. They also offer a consistent EFT program which brings in a steady $1,500 per month The salon boasts all late model tanning and beauty care equipment which will paid off in the sale.
This salon and spa is currently housed in a 1,100 square foot space with a monthly rent of $3,000. The salon is currently in the second year of a five-year lease that expires in 2010. Included in the sale are a variety of newer high end tanning beds, a stand-up unit, a spray tan booth, as well as esthetician equipment. All such equipment will be paid off in the sale.
Competition in Orange County is considered moderate to high as this is a market of image conscience consumers with very high discretionary cash flow.
Several avenues for growth are available to new owners including aggressive marketing, as this business currently has no marketing tools in place, direct mailings to prospective and current clients, coupon programs to nearby businesses, as well as expansion of the service offering into esthetician services, or alternate complimentary services. Contact for more information on this Tanning Salon & Spa business for sale.
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