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Tanning Salon - Established

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $190000
Net Profit / Cash Flow  $60000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1996
Number of Employees  1 - 3
Inventory  20000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This well established Thousand Oaks area tanning salon is the market leader in its area. The salon boasts excellent access, great street front visibility, and a varied array of indoor lay-down and stand up low and medium pressure tanning options, an airbrush spray tan option, a popular spray tan booth as well as additional complementary services. Asking Price $190,000. This 1,440 square foot salon leases for $4,900 per month including common area maintenance (CAM) expenses on a lease until 2015 with options to be determined. All of the business's furniture, fixtures, and equipment will be included in the sale. This salon may be considered the most established indoor tanning salon in the area. As such, its position as the incumbent market leader potentially provides it a sustainable competitive advantage over the competition. New management may seek to introduce a high pressure tanning option, a popular versa-spa spray tan booth, or add popular complementary services such infra-red red light therapy, esthetician services (facials, massage), or introduce a retail clothing or accessories product line. They will also likely wish to reach out to the historical client base to introduce any salon modifications as well as the new management team to bring former customers back, as well as engage in an aggressive marketing and advertising campaign, including social media such as Facebook and Twitter, to attract new clients.


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