Beverly Center / Grove Area Tanning Salon
Location:
United States
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California
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Southern California - Los Angeles Area
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Los Angeles
Industry: Hair and Beauty > Tanning Salons
Business Summary
This Beverly Center / Grove Area indoor tanning salon for sale boasts one of the most recognizable, professional locations in the area. The salon offers is clients a stellar array of top of the line tanning equipment including a $42,000 (when new) high pressure bed, a medium pressure stand-up unit, a Mystic Tan spray tan booth (with 2 solutions offered), and a varied array low pressure tanning beds.
Asking Price $218,000.
This salon is located into a first class facility. As such, its lease rate is $9,000 per month (including CAM) for 1,130 square feet, on a lease until 2014 with options to be negotiated upon sale. All of the salon's furniture, fixtures and equipment are paid for and will be included in the sale.
The Beverly Center / Grove area remains a highly competitive indoor tanning market. This location, however, tends to attract a slightly different type of client than its competitors.
This salon will be an ideal location as a new location for an existing chain that seeks a dominant location, an absentee owner who can appoint an entry level assistant manager, or a working owner who seeks to maximize their return on investment, and potentially fully recoup their investment in only 2 years! In any scenario, a new owner should engage in an aggressive marketing plan upon transition to immediately further boost sales.
Financials
Asking Price Range: < $250K
Gross Revenues:
$376,000
Cash Flow:
$114,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $50,000
Seller Financing: No
About The Business
Year Established: 1985
Number of Employees: 4 - 5
Relocatable: No
Franchise: Yes
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours/week.
Reason For Selling: Personal.
Click on the "I'm Interested" button above for more information on this Hair and Beauty > Tanning Salons business for sale.
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Print Listing Id: 700115354
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