Tanning Salon For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $116508
Net Profit / Cash Flow $52288
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1984
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours/week.
Reason for Sale Personal.
Description This well established Pasadena tanning salon represents the perfect opportunity for the owner-operator who seeks a business with consistent returns to operate and grow. The salon offers its clients the requisite mixture of varied low and medium pressure lay down and stand-up tanning options, as well as an ultra-violet free Mystic Spray tan booth. As the salon does not offer the highly popular customized airbrush tans or a high pressure tanning option, new owners may seek to capitalize via the edition of such options.
Asking Price $59,000
This 1,000 square foot facility leases for a very reasonable $2,600 per month including common area maintenance expense (CAM) on a secure lease valid until February 2013 with two 3 year options. The salon is located in a busy shopping complex with complementary neighbors. All of the salons furniture, fixtures and equipment are owned and will transfer in the sale, as will the salons 12,000 customer database!
While Pasadena is a moderately competitive indoor tanning market, this salon is the incumbent in its area and has offered its loyal client base fantastic value for decades.
While the salon offers its patrons all of the standard tanning options, new owners may seek to consider the addition of highly popular customized airbrush tans, or more importantly, a high pressure tanning option. The addition of such an option could bring in as much as $40,000 in additional gross revenue . Other options for growth include the implementation of popular monthly automatic electronic fund transfers (EFTs) to further stabilize non-peak season revenue, as well as an increased retail lotion and accessory offering and the addition of alternate complementary services.
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