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San Francisco Area Tanning Salon ??? Multi - Location
Location: United States -> California -> Northern California - Bay Area -> San Francisco
Industry: Hair and Beauty > Tanning Salons




Business Summary

This well-established multi location indoor tanning salon chain boasts prime San Francisco locations with attractive rent in popular residential areas. Each salon boasts a variety of low, medium and high pressure lay down and stand-up tanning units, as well as UF Free custom airbrush spray tan options.

Asking price: $279,000

The locations range from 1,300 square feet at $5,500 per month on a new 5 year lease with a 5 year option, to 2,500 square feet that leases for $5,300 on a new 5 year lease with options to be negotiated in the sale. All of the furniture, fixtures, equipment and goodwill are fully paid off and will be included in the sale. $500 in retain inventory, per location, will be sold at cost at close in addition to purchase price.

While competition exists throughout the city, these salons boast neighborhood-based locations that provide convenient customer access for local residents and commuters alike. Due to the brand being established in the early 1990s, these tend to be incumbent and mature locations that have amassed a tremendous following over the years while the high visibility storefronts ensure top of mind awareness for new and returning customers.

New operators may take the locations in any number of directions. They may wish to enhance the service offering, revisit the pricing strategy or bolster the retail location. They may even choose to convert some of the rooms to alternate complementary services or sublet let to applicable service providers such massage therapists, reiki or colonic practitioners, estheticians or install infrared saunas, etc.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $583,981
Cash Flow:   $144,011
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $20,000
Seller Financing:  No

About The Business

Year Established:  1982
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 Weeks at 20 hrs/wk
Reason For Selling:  Personal

Photos

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San Francisco Area Tanning Salon ??? Multi - Location Photo 1




Print Listing Id: 700340748
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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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