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 spacious West Los Angeles tanning salon for sale, which has done over $300,000 in gross revenues per annum for years, offers it clients a wide variety of tanning equipment out of its location that is filled with complementary neighbors - including every type of beauty and personal care businesses. The salon, which boasts approximately 15 rooms, offers it clients several high pressure and medium tanning options, as well as plenty of low pressure tanning beds. The salon also boasts several stand-up tanning units, spray tanning booths, and other equipment to enhance a client's experience.
Asking Price $177,000.
The salon occupies almost 2,000 square feet, and leases for $5,321 per month on a lease valid until 2011 with nearly a decade of options. All of the furniture, fixtures and equipment are paid for and will be included in the sale.
West Los Angeles is a highly competitive indoor tanning market - with many industry incumbents with an established presence. As such, this well established salon has carved out its market niche in a large, formidable salon that a new industry entrant is unlikely to challenge (or will likely only do so at its peril).
This salon is ideal for a working owner - operator who seeks to limit the business's expenses while maximizing its revenues. The salon could also be an add-on for an existing chain with a regional manager in place or the entrepreneur that seeks to capitalize on the strong established client base of image conscience patrons with discretionary income by implementing complementary services in the salon's extra rooms (i.e. services that do not potentially compete with the neighboring businesses - such as body wraps, customized airbrush tanning, photo facials, teeth whitening, etc.). New owner will also likely seek to heavily promote automatic monthly Electronic Fund Transfer (EFT) membership packages.
Financials
Asking Price Range: < $250K
Gross Revenues:
$307,000
Cash Flow:
$87,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $40,000
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: 700115357
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