Tanning Salon, Massage & Skin Care
Location California,United States
Asking Price Range < $250K
Gross Revenues $425000
Net Profit / Cash Flow $90000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1978
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 well diversified Bay Area Salon for sale offers patrons indoor tanning, massage, skin care services and more. Established for 30 years, this sale comes with tremendous goodwill and stability, as the semi-absentee owner is not a service provider. Each of the services providers, all of whom are independent contractors on rental agreements, will seek to stay aboard and the seller will assist any buyer through the transition period. Asking Price $189,000.
This 1,400 square foot facility leases for $ 3,250 per month, on a lease with an additional 10 years remaining. All of the salon's furniture, fixtures and major equipment are fully paid for (credit card terminal is on lease, and service providers have some of their own equipment), and will be included in the sale. This long-standing salon has been a community fixture for years. As such, long time residents and commuters alike will be familiar with its location and stellar reputation, providing it a distinct advantage over local competition.
While this salon is extremely well established, new management will likely seek to ensure that new residents are familiar with the salon's services, and it is considered somewhat of a 'hidden gem' to local residents. New management will likely seek to work at the business full time, ideally as a service provider to maximize salon profits, and will likely seek to consider the additional of body wraps, entomology services, and the implementation of a customized spray tan offering.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but also identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time.
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