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Businesses For Sale   >>   Manhattan Businesses For Sale   

Tanning Salon - Dominant Location

Location  Manhattan Beach, California, United States
Asking Price Range  $250K - $500K
Gross Revenues  $327625
Net Profit / Cash Flow  $76103
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2009
Number of Employees  6 - 9
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This Manhattan Beach Area tanning salon operates from a dominant location and boasts the latest, top of the line equipment in the industry. The high visibility location is able to cater to clients throughout the greater South Bay due to it is fantastic street access and its plethora of indoor tanning rooms and varied equipment and service offering. The facility boasts enough room to further expand the service offering. Asking Price $295,000 The 2,000 plus square foot location leases for $8,000 per month on a lease until 2016 with options or additional years to be negotiated in the sale. It is estimated that he salon has nearly $300,000 (original cost) in indoor tanning equipment. As Los Angeles' South Bay is an ideal beachside indoor tanning market with a high discretionary income population, this market is considered to be highly competitive. That said, this is one of the best indoor tanning locations for a variety of reasons, including the convenient access it provides to all South Bay patrons, as well as coveted onsite parking, great street visibility, and a premium equipment offering. The spacious salon has additional capacity and space to increase its 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 (massage, body wraps, red light anti-aging therapy), or capitalize on the space availability to promote a retail offering (e.g. swimwear, sun glasses, etc.) that could do very well near the beach. New operators may also seek to revisit the venue's staffing costs.


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