Established Tanning Salon Priced To Sell
Location California,United States
Asking Price Range < $250K
Gross Revenues $192546
Net Profit / Cash Flow $73241
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1989
Number of Employees 4 - 5
Inventory 20700
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description This well established tanning salon has served this North County Inland community for nearly 20 years. Located in a high end residential community near the intersection of two major freeways, this business is able to service both local residents as well as commuters in a number of the nearby business parks. Currently operated absentee, this business should significantly benefit from an active working owner's presence, which will likely increase sales, customer service and reinvigorate the salon's ambiance.
The salon is located in a 1,268 square foot facility that leases for $4,455 including CAM ($3.51 per sq. ft.). The sale includes 12 Ergoline tanning units, a spray tan system, the furniture, fixtures and equipment, as well as inventory.
Competition is considered medium as another salon exists nearby, however this salon has consistently outperformed and outlasted all other salons in the area.
As this business has been operated absentee for many years, a new owner's active management and involvement should have a profound effect on the overall performance of the store. Aggressive sales and marketing techniques should enhance top line revenues, while the addition of medium and high pressure beds should increase the average ticket sale and resultant net profit. Asking $119,000. Contact for more information on this Tanning Salon for sale.
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