Tanning Salon Prime West Hollywood / Beverly Center Location

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

Financials

Asking Price: $265,000
Cash flow: $104,783
Revenue: Not Disclosed
Gross Income: $186,000
Inventory: $1,000 - Included in the Asking Price
FF&E $100,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This tanning salon is located in a prime area of West Hollywood / Beverly Center Area with fantastic street visibility and ideal neighbors. The salon, which has just had $18,000 invested in a complete facility renovation with tiled floors, a lifted ceiling, new lighting and a new vanity, upgraded electrical, and over $50,000 in new equipment added, comes as a finished product with no need for any modifications in the coming years.

Facilities:
This classy 1,250 square foot salon boasts an array of new high and medium pressure beds (3), a new Magic spray booth, a high pressure stand up unit, as well as a three new low pressure beds. The business is located in a busy shopping center that has fantastic street visibility and highly complimentary neighbors. With monthly rent of $3,071, rent and employee salaries will comprise the majority of salon expenses as all of the beds will be paid off in the sale.

Financing:
Owner May Consider

Support:
2 weeks 25 hours per week

Competition:
West Hollywood is deemed a relatively high competition area for the tanning industry, as this salon is located at the epicenter of the acting, modeling and entertainment industries.

Growth:
New owners may seek to quickly enhance revenue growth via the implementation of monthly EFTs (Electronic Fund Transfers), salesperson sales training and indoor tanning qualification courses, as well as the impact of a working owner. Additional gains may be experienced via aggressive marketing efforts such as a continuous direct mail program (to the salon s 9,000 historical clients on record), cooperative agreements with nearby gyms, nutrition centers, etc.

General Information

Reason Selling: Personal

Number of Employees: 6
Year Established: 1990