Inland Empire - 3 Tanning Salon Chain
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $196157
Net Profit / Cash Flow $118000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks / 20 hours.
Reason for Sale Personal.
Description This small chain dominates its local environment, which is ideal for the tanning industry. With physical barriers mitigating threats from encroaching competition, this chain has the opportunity to continue to covert additional locations within its market. Each salon, two of which are located next to major anchor tenants such as grocery stores and gyms, have the size, equipment, and electrical capacity to be taken to the next level as part of a larger chain, or to remain as a formidable local mini-chain.
Both facilities are approximately 1,600 square feet, with one leasing for approximately $4,800 per month, and the second at $4,900 per month, each with protected facility leases and options. All equipment will be paid off in the sale, with the exception of minor leases such as credit card terminals. Each location boasts an array of equipment, including, a spray tan booth, medium pressure stand up units, and high and low pressure tanning beds.
The Inland Empire continues to be a relatively mature tanning market due to its ideal demographic make-up - largely comprised of a young, image conscience, relatively high discretionary income Caucasian population. As a small chain, this salon enjoys natural advantages over ƒ_omom and popƒ__ competitors due to its ideal locations, and the economies of scale they achieve in product and equipment purchases, coupled with advertising and marketing benefits.
This 2 store chain is semi-absentee owned and managed. While the salons provide clients a complete set of tanning equipment and services, they are semi-absentee run and could dramatically benefit from a hands on owner, or a savvy marketer as exists in adjacent areas of the Inland Empire. New owners may consider the addition of customized spray tanning, an increased retail offering, or an aggressive ad campaign coupled with local partnerships.
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