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Tanning Salon - Perfect For Owner Operator
Location California,United States
Asking Price Range < $250K
Gross Revenues $112035
Net Profit / Cash Flow $64035
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1990
Number of Employees 1 - 3
Inventory 900
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours/week.
Reason for Sale Personal.
Description This charming West Hollywood tanning salon, which is perfect for the owner-operator and still has room to grow, is distinctly different from its immediate competition due to its charming location, highly personalized approach, on home-like atmosphere. Despite its warmth, the salon boasts some of the most modern indoor tanning options in the industry including a high-pressure bed, a medium pressure stand-up unit, low-pressure beds as well as an extraordinarily popular ultra-violet free customize spray tan option. On top of its sought after location with parking available, the store's revenues have increased by 12% year over year as the facility still has room to grow due to the availability of adjacent space coupled with the owner's history of not spending on marketing or advertizing in past years!
Asking Price $85,000
This 1,000 square foot facility leases for only $1,400 per month including common area maintenance expense (CAM) on a secure lease . All of the salon's furniture, fixtures and equipment are owned and will transfer.
While West Hollywood is considered a competitive market for indoor tanning, this salon has managed to establish a loyal following of clients who prefer this salon's location, pricing structure and customized spray tan options. As such, they have continued to thrive despite the economic downturn and are considered relatively stable.
As current management has not engaged in marketing or advertising in several years, new owners may stand to tremendously benefit from a comprehensive marketing campaign designed to bring in new customers, win back former clients, and attract new patrons to the salon and its services. New owners may also seek to nearly double the salon's size by expanding into the adjacent space that already shares a connection doorway. Other options for growth, particularly if expansion is sought, would be the addition of complementary services such as massage, body wraps, or photo facials.
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