Established San Luis Obispo Area Tanning Salon

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

Financials

Asking Price: $175,000
Cash flow: $55,905
Revenue: Not Disclosed
Gross Income: $121,553
Inventory: $300 - Included in the Asking Price
FF&E $50,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This beautiful San Luis Obispo area tanning salon is perfect for the salon savvy entrepreneur looking to gain a foothold in the central California market. Opened in 1991, this salon has consistently generated positive returns. The sale includes a lengthy customer list and the business has maintained an excellent reputation within the community as providers of excellent customer service.

Facilities:
The sale includes over $50,000 of equipment, and carries some of the industries most prominent beds, including Mystic, Orbit, Tan America, and Omega. The salon is located in a spacious 2,200 square foot facility with a monthly rent of $3,300. The facility lease expires in the fall of 2008 and has an option to extend 5 more years. All assets will transfer free of any liens or encumbrances.

Financing:

Support:
2 Weeks at 20 Hrs/Wk

Competition:
Competition in the San Luis Obispo area is considered moderate.

Growth:
Many opportunities for growth exist. New owners may seek to increase direct mailing advertisements to current and prospective clients, expand services to include day spa, increase the retail offerings, and co-op with local businesses.

General Information

Reason Selling: Personal Reasons

Number of Employees: 5
Year Established: 1991