High Growth Beach Community Tanning Salon For Sale

Business description

This profitable South Orange County Tan Salon located in a high income beach community has continually posted remarkable year over year growth since opening in 12/03. The salon, which attributes its continued growth to its superior customer service level coupled with its humanistic approach to sales, is ideally located off of a major expressway in a high traffic shopping center with highly complementary neighbors. The salon boasts a varied mix of late model, top of the line high pressure and low pressure tanning options, as well as a spray tan booth. The salon also enjoys an estimated $3.5k per month in Electronic Fund Transfer (EFT) revenues to stabilize cash flow while ensuring repeat business.

Property information

Real Estate:

Lease

Lease terms:

1,280 sq. ft. for $4,200/ month incl. CAM thru 2011.

Location:

This salon occupies a 1,280 square foot facility with approximately $4,200 in rent and CAM expenses. The salon’s lease is until 12/2011, with an option to be negotiated. All of the tanning beds and the spray tan booth are paid off, so a new owner will face no major capital improvement expenses, however, they may seek to refresh the look of the salon (though its revenue growth would not suggest that this is necessary).

Other information

Expansion potential:

New owner will seek to continue to do the same marketing the current owner does. They may also seek to aggressively advertise in the local area, including flyers and direct mail, create alliances with neighboring businesses and their customers / employees, use direct mail to further lock in current clients, and potentially add high end tanning options (customize spray tan, high pressure bed, etc.).

Competition / Market:

Competition is considered moderate to high in South Orange County, however, this salon continues to add new customers while retaining existing clients. This salon’s ideal location amidst a number of highly complementary neighbors will also help to ensure its long term competitive advantage.

Support & training:

2 weeeks at 20 hours/ week

Reasons for selling:

Personal

Trading hours:

M-F 9-9; Sa 8-6; Su 9-5