Description The Riverside County indoor tanning salon chain is comprised of 4 locations that command some of the best retail and service business real estate in each of their respective Southern Riverside County markets. Each of the salons boast an ideal mix of low and high pressure indoor tanning equipment, stand-up tanning options, custom airbrush equipment as well as the latest in spray tan booths!
Asking Price $195,000
Each well-appointed location is spacious, and varies in size from 1,400 to 1,800 square feet. Each salon has a small boutique area, although retail sales have not been the current management's primary focus. The secure leases expire between May of 2015 and April of 2017, however, each has a five year option. All of the salon's furniture, fixtures and equipment are fully owned and will transfer in the sale.
As indoor tanning is highly popular in Riverside County some competition naturally exists. This chain, however, is considered to be the premier incumbent salon chain in each of its respective markets.
As the current owner would be deemed to be semi-absentee, tremendous upside potential exists for the party who seeks to be more active in the salon's daily advertising and marketing campaigns, or who seeks to be a hands on manager. Since each of the locations are near the epicenter of their local market, the salons could also be sold separately for between $65,000 and $95,000 each. The addition of a working owner in any particular location would save in wages and add an estimated $24,000 to that location's bottom line!