Tanning Salon Priced For Immediate Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $186800
Net Profit / Cash Flow $31300
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 6 - 9
Inventory 60500
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Manager will train.
Reason for Sale Personal.
Description This central Orange County tanning salon, located in one of the coveted Irvine Center Properties, enjoys a secure, built-in client base and has the ability to capitalize on its high traffic neighboring anchor tenants which include a 24 Hour Fitness, a major movie theater and a well know and highly regarded grocery store. The salon is completely absentee owned, wholly to its detriment. At the price offered, and considering the buyers potential ability to reduce the purchase price by nearly $20,000 by taking over bed lease payments, this salon offers the seasoned operator or the industry entrant (that should be a working owner) a low cost way to enter the indoor tanning industry.
The 1,550 sq. ft. space leases for $6,704/mo until December, 2009 (a buyer may try to negotiate an option). The salon sale includes a spray tan booth, a medium pressure stand up unit, and a wide variety of medium and low pressure lay down units. All of the equipment will be paid off in the sale, unless the buyer assumes the $20,000 balance in the equipment leases.
New owners will likely seek to evaluate the salon's staffing approach, pricing schedule, and it overall operation given its highly unique location. Management will likely seek to consider a low cost monthly automatic electronic fund transfer program, and will seek to actively up-sell packages, lotions and sessions to clients.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time. Asking $59,000. Contact for more information on this Tanning Salon for sale.
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