Classy Monrovia Tan Salon- Recently Refurbished For Sale

Business description

This well established Monrovia salon has recently had $40,000 in facility upgrades – including new floors, molding, paint, etc. The salon offers clients low to medium pressure tanning options, including a stand up unit and spray tan booth. This simple operation is ideal for a working owner who may also seek to provide esthetician or massage services, or for a non-working owner who seeks a stable, turn-key smoothly run salon.

Property information

Real Estate:

Lease

Lease terms:

1,050 sq. ft. for $3,250/month

Location:

The salon occupies 1,050 square feet with monthly rent of $3,250 (lease until 2009 with potentially 1 - 5 year option). The salon houses 7 2000 – 2002 lay down tanning beds, 1 2004 model medium pressure stand-up unit, and 1 2004 model spray booth.

Other information

Expansion potential:

New management will likely be an owner / operator who is a service provider for esthetician, massage, body wrap, etc. services. New owners will also seek to invest in aggressively marketing the salon to historical, current, and potential new clients.

New owners shall prompt customers pay for bed upgrades, and be conditioned to purchase lotions and moisturizers to enhance their tanning experience. A working owner will naturally boost sales via their on-site presence, and may seek to rent out rooms for massage or esthetician services (assuming this is allowed in the lease).

Competition / Market:

Competition in the area is considered medium to high, as competitors have entered the area in recent years, however, this quaint well established salon boasts a fantastic reputation and a strong current and historical client database.

Support & training:

2 weeks at 20 hours per week.

Reasons for selling:

Personal

Trading hours:

M-Th 9-9; F 9-8; Sa 9-6; Su 10-3

Financing available:

Owner may consider.

Furniture / Fixtures value:

$69,000 (included in the asking price)

Inventory / Stock value:

$500 (included in the asking price)