This tanning salon chain would likely be characterized as the South Bay's premium indoor tanning services provider. These salons occupy two extraordinarily visible and sought after locations in two of the coveted area's key markets. The salons boast a plethora of the best indoor tanning equipment available to suit the most discriminating customers preferences - whether that be high, medium or low pressure stand-up or lay down bed options, custom airbrush or the latest in spray tan booths, or other complementary indoor tanning services. Each of the spacious salons has the equipment and space further increase service.
Asking Price $295,000
These spacious 2,700 & 2,900 square foot locations lease for $8,000 & $9,860 per month respectively, on leases with coverage until 2016 with options to be determined. Opportunity does exist to reduce space on one location shall a buyer prefer to do so. Each of these salons boast nearly $300,000 in the latest and greatest indoor tanning equipment available (at original cost), or over $600,000 in total.
As Los Angeles' South Bay is an ideal beachside indoor tanning market with a high discretionary income population, the markets are considered to be highly competitive. That said, these salons command some of area's best geographic locations with onsite parking, great access and visibility, and premium equipment offering - thus providing each a distinct point of differentiation from nearby competitors.
Each of the spacious salons have the equipment and additional capacity and space to further increase the salon's service offerings in any number of ways. New operators may wish to modify the salons pricing strategies to attract a broader client base add complementary day spa style services, or capitalize on the space availability to promote a retail offering (e.g. swimwear, sun glasses, etc.) that could do very well in these beach cities. They may also seek to reduce staffing costs and revisit the salon's pricing strategy.