Tanning Salon - San Diego East County

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

Financials

Asking Price: $105,000
Cash flow: $33,478
Revenue: Not Disclosed
Gross Income: $120,667
Inventory: $1,000 - Included in the Asking Price
FF&E $64,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This is the perfect starter tanning salon for someone looking to enter the tanning industry. Located in an up and coming community, this salon is poised to capitalize from the ongoing growth in the surrounding areas. Carefully designed with class and elegance, new owners should focus on marketing and promotions to stimulate this salon s potential.

Facilities:
This salon is located in a quaint shopping center with easy interstate access. The salon s lease expires in November 2007 and has a 3-year option, with a monthly payment of $2,570 for 1,610 square feet (approximately $1.60 psf). Included in the sale is a varied mix of equipment, including a Stand Up unit, an Ergoline Avantguard high intensity bed, several low pressure beds, a computer system, furniture, retail inventory, and build out worth over $80,000.

Financing:
Not offered

Support:
Seller will train for 2 weeks at 35 hours per week.

Competition:
Competition is considered low as the closest tanning salons are approximately 3 miles away.

Growth:
New owners may significantly enhance revenues via offering additional marketing efforts such as tanning promotions, direct or coupon mailing, increased retail product offerings, and co-op specials with local businesses. A new owner may also seek to expand the esthetician services which are currently offered, add body wraps, and add a Mystic Spray Tan system to increase revenues.

General Information

Reason Selling: Personal

Number of Employees: 5
Year Established: 2003