Starter Tanning Salon w/Growth Potential
Location: California, United States
Category: Services
Type: Established
Asking Price: $42,000
Cash Flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $94,500
Inventory: $300 - Included in the Asking Price
FF&E $22,000 - Included in the Asking Price
Real Estate: Not Disclosed
This starter tanning salon, opening in 1986, was the first in the area and boasts 7,695 historical clients on file. This salon is ideal for a working owner who seeks to potentially make equipment upgrades to offer clients more diversified tanning options. The salon is located in a convenient shopping plaza with many complimentary neighbors and plenty of parking. The salon is positioned as a friendly mom and pop style starter salon which has not actively engaged in any significant marketing campaigns.
Facilities:
The salon boasts 1,000 square feet with monthly rent of only $1,715 (6 years in lease options). The salon houses 8 low pressure tanning beds (all paid off in the sale), and 1 hand held spray tan unit. This is a very simple turn-key operation for a new onsite owner.
Financing:
Not Offered
Support:
2 weeks @ 20 hrs/wk
Competition:
Competition in the area is considered medium to high.
Growth:
This salon offers its customers entry level tanning options. New management could increase cash flow via late model medium to high pressure tanning beds, a stand up unit, a spray tan booth, etc. The salon has not actively engaged in marketing activities and does not have any cooperative agreements with nearby gyms, or local businesses. Facility upgrades, such as laminate flooring, may also help attract new clients. This facility currently offers a small retail swim suit collection which could also be expanded.
Reason Selling: Owner Relocating
Number of Employees: 3
Year Established: 1986
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