Sizeable Brea Tan Salon With Strong Monthly Revenues For Sale

Business description

This Brea Tanning salon takes in between $5.4k and $10k per month in recurring Electronic Fund Transfer (EFT) business alone. The 2,000 sq. ft. facility offers tanning clients 13 rooms (some empty) with a wide variety of all levels of indoor tanning options, including a spray tan booth, stand up booths, and high, medium and low pressure lay down beds. The salon has the ability to double as a retail shop for boutique clothing and/or swimsuits, or potentially a partial day spa or hair care center.

This salon was completely renovated and rebuilt-out in 2006, with over $100,000 re-invested into the business to create a truly unique client tanning experience.

Property information

Real Estate:

Lease

Lease terms:

2,000 sq. ft. for $6,500/month incl. CAM until 2011.

Location:

This 2,000 square foot facility leases for $6,500 per month, on a lease valid until January 2011, with a 5 year option. The profits indicated assume that the $75,000 balance in equipment payments ($2.1k/mo for 36 additional months) are paid off by the Seller in the sale. The Seller may consider a lower offer if the leases are assumed.

Other information

Expansion potential:

This salon has all of the attributes necessary for success, included a solid equipment offering, a refreshing design and theme, and a good location with many options for modification. New owners may seek to add complementary services, but will likely seek to maintain status quo and continue to boost monthly EFT sales. A motivated full-time owner / operator will also likely see a higher average sales per client, resulting in greater profitability.

Competition / Market:

North Orange County continues to be a highly competitive tanning market. This salon currently has several significant potential long-term sustainable advantages over its immediate competitors, including a fantastic high-traffic intersection location.

Support & training:

2 weeks at 20 hours/ week

Reasons for selling:

Personal

Trading hours:

M-F 9-9; Sa 9-7; Su 11-6

Financing available:

Buyer make take over $75k in equipment leases to reduce cash outlay.

Inventory / Stock value:

$500 (included in the asking price)