Redlands Tanning Salon w/Retail Space Spacious, Artful Facility!

Location: California, United States
Category: Services
Type: Established

Financials

Asking Price: $165,000
Cash flow: $64,500
Revenue: Not Disclosed
Gross Income: $181,000
Inventory: $500 - Included in the Asking Price
FF&E $70,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This absentee run tanning salon and retail operation is ideally located near a major gym, beauty shops, and a grocery store. The well established salon has been a proven earner for over 10 years, and has weathered the threats of new competitors with flying colors. All of the tanning equipment, which includes a plethora of lay down beds and a late model spray tan unit, are fully paid for.

Facilities:
This salon and retail operation occupies a roomy 2,600 square foot facility in a prime shopping location. The facility leases for approximately $3,500 per month with an additional $1,300 in CAM expenses on a negotiable lease. The sale includes all lay down tanning beds, and the spray tan booth fully paid off in the sale.

Financing:
Not offered ...

Support:
Owner will train for 2 weeks for 20 hours per week.

Competition:
Competition is considered moderate to high in this college city, however, this salon has withstood an onslaught of new competitors and has remained highly profitable.

Growth:
The enormous facility has many opportunities for growth, particularly given is size, the availability of its retail sales space, and it diversity of tanning options. New owners will likely see to capitalize on the available retail space via offering clothing or other complementary products, and may explore adding a stand up tanning bed, a high pressure tanning option, body wrap services, or even customized spray tans. A new owner may seek to inquire about and evaluate renting out tanning rooms to further increase revenues.

General Information

Reason Selling: Personal

Number of Employees: 4
Year Established: 1995