Established Tan Salon - Profitable
Location:
United States
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California
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Southern California - All Southern California
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Huntington Beach
Industry: Hair and Beauty > Tanning Salons
Business Summary
This well established tanning salon for sale, which likely occupies one of the area's best locations, has been a solid revenue generator in the community for over 15 years. This business is located in an upscale commercial shopping center with a plethora of complementary neighbors, including nail and hair salons, cafes, and retail stores. The salons boasts an ideal anchor tenant as a neighbor, as well as a 17,000 person database (of current and historical clients) that the current owner has not engaged in direct marketing to. Asking Price $99,000.
This tanning facility occupies approximately 1,100 square feet of space in an excellent location with monthly rent of $2,350 plus an additional $300 in common area maintenance expense (CAM). The 10 room salon comes equipped with a wide variety of equipment, including a high pressure bed, a stand-up unit, a number of low pressure tanning beds, and a customize air brush spray tanning option.
Competition in the Huntington Beach area is considered high, however this salon has been a mainstay in the local area for over 15 years, has an ideal location, low rent, has an established market base with a loyal client following, and has a 17,000 person strong database for an owner market to retain current customers and win back former patrons.
New management may seek to increase revenues via a variety of options potentially including skin care services, body wraps, massage services, teeth whitening, etc. (all landlord permitting). New management will certainly seek to aggressively market to neighborhood residents, while capitalizing on the salon's formidable customer database via emails, direct mail, etc.
Financials
Asking Price Range: < $250K
Gross Revenues:
$127,600
Cash Flow:
$68,698
Cash Flow Type: Sellers Discretionary Cash
Inventory: $53,000
Seller Financing: No
About The Business
Year Established: 1991
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 25 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: 700115932
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