Profitable Tanning Salon in Prime Location
Location: California, United States
Category: Services
Type: Established
Asking Price: $135,000
Cash Flow: $66,326
Revenue: Not Disclosed
Gross Income: $173,000
Inventory: $500 - Included in the Asking Price
FF&E $57,000 - Included in the Asking Price
Real Estate: Not Disclosed
This business provides a new owner with all the key elements necessary for a safe investment. Track record, profitability, location, competent employees and managers, great equipment, and low overhead make this opportunity a rare gem for someone looking to enter the tanning industry. The business has been at its current location for 6 years and has consistently provided healthy returns to the owners. A well trained staff and experienced management team provide customers with the highest level of service. The location is well located for continued growth. This unique opportunity can be operated by a working owner or absentee if so desired.
Facilities:
This business is in an excellent shopping center, strategically located next to a major fitness center. The facility has 11 rooms with 10 tanning beds (1 Mystic System, 2 Ergoline 450's, 1 Orbit system, 2 Sonics, and 4 Cosmos) with an estimated value of over $50,000. The lease, which includes 1,400 square feet, is good through May 2007, and has a 5-year option to extend, is $3,104 per month (only $2.22/sf), including all CAM charges.
Financing:
None offered
Support:
Seller will train for 4 weeks at 20 hours per week.
Competition:
This business is in an excellent market with very little competition. The location is this center of the community and is a must-stop shopping center for residents looking to shop, eat, bank, and run other errands. There are also numerous business parks in the surrounding area.
Growth:
Many growth opportunities exist, such as direct mail to local neighborhoods, partner discounts with local businesses, and long-term discount tanning packages. The salon also has additional un-used space that could be used for an additional Mystic System, a stand-up bed, or a high pressure tanning unit.
Reason Selling: Personal
Number of Employees: 3
Year Established: 2000
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