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26 Yr Old Tanning Salon 4 Sale
Location: United States -> California -> Southern California - Los Angeles Area -> Studio City
Industry: Hair and Beauty > Tanning Salons




Business Summary

Family-operated business for 10 years, and asking $325k. Last year's annual cash flow was $162k. Mother wants to retire, and other members want to pursue other interests. The facility currently leases 2,300 SF for $1.40/SF which is 50% under market for similar Ventura Blvd properties, and is located in a popular beauty & fitness shopping center with a corporate gym. Sufficient parking is available, including a valet during rush hour. We have 17 tanning beds with state-of-the-equipment which is owned free & clear. The business is debt-free. 2007 annual cash flow was $162k based on $300k in sales. Very high margins, and easy-to-run business with over 16,000 customers including Hollywood's A-list celebs. Seller will train for 2 weeks. Email or call Gene at 818-807-5502 for more details for this Tanning Salon for sale.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $300
Cash Flow:   $162
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $170,000 cost (owned free & clear).
Seller Financing:  Not Disclosed

About The Business

Year Established:  1982
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.
Reason For Selling:  Retirement.




Print Listing Id: 70096136
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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