Fullerton Tanning Salon Great College Location

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

Financials

Asking Price: $70,000
Cash flow: $37,466
Revenue: Not Disclosed
Gross Income: $149,909
Inventory: $300 - Included in the Asking Price
FF&E $35,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This very well established tanning salon is located in a heavily trafficked shopping center with major anchor tenants in a popular college neighborhood. This simple operation is ideal for a working owner who may also seek to provide esthetician or massage services, or for a non-working owner who seeks a stable, turn-key smoothly run salon. While many salons experience the seasonality of the industry, this location enjoys steady monthly revenues with minimal seasonality fluctuations. This can largely be attributed to its very popular monthly EFT (Electronic Fund Transfer) program which accounts for approx. $5,000/mo. in steady monthly revenues.

Facilities:
The salon is located in a 2,000 square foot unit with plenty of room for expansion. Clients are offered low to medium pressure tanning options, including a stand up tanning bed and an airbrush spray tan unit. It comes equipped with 8 tanning beds, and 1 hand held airbrush spray tan unit. The salon also offers a 3 spacious storage rooms, 1 break room, and its own washer/dryer. The salon also sells various tanning retail products as well as bathing suits and various accessories. This is a turn-key operation for a new onsite owner.

Financing:
Owner May Consider

Support:
2 weeks 25 hours per week

Competition:
Competition in Orange County is naturally considered relatively high, in this immediate are competition is moderate.

Growth:
New management could significantly increase cash flow via the introduction of late model medium to high pressure tanning beds, and a spray tan booth. With additional equipment its size would allow the location to easily manage peak season crowds. Since three rooms are currently being used as storage, there is ample room for additional equipment and retail.

General Information

Reason Selling: personal

Number of Employees: 4
Year Established: 2003