High End North County San Diego Tanning Salon For Sale

Business description

This North County San Diego Tanning Salon was built out with a first class design, and equipped with a perfect mix of Ergoline’s finest tanning beds. Located in a community rich with tanning’s favorite demographics, the salon has experienced significant growth since opening in 2005. Conveniently located near a major intersection, this salon has plenty of parking, and a reputation for excellent service. This business should continue to produce healthy profit margins and maintain stable growth.

Property information

Real Estate:

Lease

Lease terms:

977 sq. ft. for $4,040/month incl. CAM

Location:

The salon is located in a 977 square foot facility with a monthly lease rate of $4,040 including CAM expenses. All of the business’s assets shall transfer in the sale including 7 high end Ergoline tanning units, a new top of the line spray tan system, inventory, the name, furniture, fixtures, website and signage and goodwill.

Other information

Expansion potential:

Considering this business is only now beginning to capitalize on its potential, it still has plenty of room to grow. A new owner could enhance revenues by increasing direct marketing to the local community via coupons, mailers, door postings and car flyers (the current owner only uses passive marketing techniques such as yellow pages and internet). New owners may also seek to reduce payroll expenses by operating as a working owner, thereby increasing the level of service and support provided to customers, as well as aggressively up-selling tanning packages and promoting retail sales.

Competition / Market:

Competition is considered medium as another salon exists close by, however this market’s strong demographics have demonstrated a clear ability to support both businesses’ successful operations.

Support & training:

2 weeks at 20 hours per week

Reasons for selling:

Personal

Trading hours:

M-Fr 8-9; Sa 8-7; Su 10-2

Furniture / Fixtures value:

$108,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)