Tanning Salon Rare Find North County

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

Financials

Asking Price: $180,000
Cash flow: $64,051
Revenue: Not Disclosed
Gross Income: $186,630
Inventory: $1,500 - Included in the Asking Price
FF&E $87,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This beautiful tanning salon is a rare opportunity for an entrepreneur entering the tanning industry. This salon is equipped with some of the finest beds on the market. The business is currently operated absentee and recorded $186,000 in annual sales, with profits over $43,000. Discretionary cash flow could be as high as $70,000 for a full time owner operator working in the salon. Don t miss out on this first class, one of a kind opportunity.

Facilities:
The salon is located in a quaint shopping center with easy freeway access. The sale includes a variety of beds including a stand-up unit, Mystic spray booth, and a new high pressure bed. The facility is approximately 1,450 square feet and includes 13 rooms, a bathroom, and a washer and dryer. The monthly lease is reasonably set at $2,556 (including CAM) with a 5 year option to renew.

Financing:
seller may consider

Support:
2 weeks at 30 hrs/wk

Competition:
Competition is considered medium as other salons exist in the area however, this salon s location offers access to specific communities and neighborhoods that have little competition.

Growth:
The salon has additional room to grow. Additional marketing efforts could focus on direct mail, coupon inserts, and promotions with the nearby colleges, and local business co-op programs. New owners may also consider offering customized spray tans or body wraps (no additional licenses required).

General Information

Reason Selling: Personal

Number of Employees: 6
Year Established: 1999