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Profitable Hollywood Tanning Salon
Location California,United States
Asking Price Range < $250K
Gross Revenues $470000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 wks at 20 hrs/wk
Reason for Sale Personal
Description This semi-absentee run tanning salon is truly one of a kind. The salon is located in a very unique, high foot traffic location with complementary neighbors. Its business model, which differentiates it from other salons, focuses on maintaining a low cost but high traffic clientele that subscribes to a monthly recurring electronic fund transfer program, thus proving the salon a recurring revenue base during the non-peak tanning months. Largely as a result of its dominant location the salon engages in little marketing but has the ability to handle increased customer volume as necessary!
Asking Price $200,000.
The 2,350 square foot facility rents for $9,850 per month on a lease with four years remaining and a five year option. All of the equipment is fully owned, and the seller has upgraded the electric panel to handle shall a buyer seek to add equipment.
This facilitys unique location, unique business model that attracts its target client base, and complementary neighbors provides it a sustainable competitive advantage.
While new owners may not seek to mess with a good thing, customer service oriented operators may want to actively work at the salon to help ensure highest dollar sale possible. It may also be worthwhile to engage in an aggressive marketing campaign to attract new customers, retain current clients or bring back former ones as current and past management have not done so. Marketing promotions with neighboring businesses or those with complementary service offerings may also be worthwhile.
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