Irvine Area Tan Salon High Growth Area with Ideal Location

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

Financials

Asking Price: $175,000
Cash flow: $95,000
Revenue: Not Disclosed
Gross Income: $219,252
Inventory: $500 - Included in the Asking Price
FF&E $100,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This beautiful salon was established in 2000 in order to capitalize on this Southeast Orange County s historical and future tremendous anticipated future growth. Located in a quaint, upscale community and situated in a plaza with major anchor tenants including the largest gym in the area, this salon should continue to be the dominant tanning destination for years to come. This salon is part of a chain whose name is synonymous with class, quality and professionalism. This business boasts first-rate services, state of the art equipment, and stores within the chain have been featured on a variety of television shows and magazines because of their stellar reputations. As an added incentive, the current chain is willing to offer new owners a limited use of the chain s name and logo for a 3 month transition period, as well as comprehensive training, training manuals, and potentially additional invaluable benefits to ensure a new owner s success depending on the overall offer.

Facilities:
This business is located in a 2,033 sq. ft. facility that leases for $5,800/mo, with a lease that has 2 5 year extensions securing the location until 12/2016. Included in the sale is a solid lineup of top of the line equipment including a Mystic Spray Tan booth, Ergoline Avant-garde beds, a stand up unit, as well as 8 additional lay down beds. The first rate computer system has network capabilities and may be remotely accessed, while the salon s surveillance system allows absentee owners to monitor security cameras from home!

Financing:
may consider

Support:
2 Weeks at 40 Hrs/wk

Competition:
Competition in the area is moderate as this region is considered a tanning hotspot, however, this salon s location next to the area s largest gym provide it a sustainable competitive advantage.

Growth:
A variety of options are available for future growth for new owners. New owners might seek to maximize the salons proximity to a large gym by creating employee discount alliances, coupons, and cross promotion advertising. Also, new ownership might seek to expand service offerings, such as day spa offerings (body wrap, customized spray tan, esthetician services, massages, etc.) provided they obtain landlord consent, as well as expanding the Customer Loyalty program. Direct mail to current and prospective customers is also a strong avenue of growth.

General Information

Reason Selling: Personal

Number of Employees: 4
Year Established: 2005