Tanning Salon - Recently Refurbished
Location California,United States
Asking Price Range < $250K
Gross Revenues $157870
Net Profit / Cash Flow $60070
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This classy tanning salon and retail clothing boutique was opened in 2003, and recently refurbished with upgraded equipment and facility improvements. The original owners invested over $180,000 to make this salon one of the nicest in the area, with attention paid to every detail - the salon boasts beautifully stained concrete floors combined with new, low maintenance carpet, Venetian plaster walls, and recessed glass displays, shelves and accent lighting. The salon's sizeable reception lounge functions as a tanning facility as well as a quaint fashion boutique.
The salon occupies 1,400 sq. ft. in a busy shopping center, next to several high traffic anchor tenants, including a major gym. The sale includes all of the salon's furniture, fixtures and equipment, with 10 rooms (8 of which house beds) and a office / storage area. All of the tanning equipment, which is fully paid for, includes a combination of late model starter beds, medium and high pressure beds, a stand up unit and a spray tan booth.
Competition in the area is considered moderate; however, this salon's retail success provides it a stable revenue base during the slower tanning months, while providing the owners a diversified revenue base.
This salon is poised for growth, as its equipment upgrades and facility renovations have been met with a warm reception from clients. A new owner will seek to aggressively market the salons services via direct and coupon mailers to current, historical and potential new clients. New owners will also seek to evaluate different pricing strategies, including converting to aggressive monthly EFT programs, or membership services, etc. Cross promotion with the nearby gym will also help further bolster the bottom line. Contact for more information on this Tanning Salon for sale.
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