Tanning Salon In Prime WeHo Bev Central Location For Sale

Business description

This completely refurbished absentee operated tanning salon is located in one of most coveted areas of West Hollywood, close to the prime Beverly Center, Grove, Santa Monica Boulevard and Melrose Shopping Areas. The salon boasts unbeatable street visibility and enjoys ideal neighbors that help ensure steady foot traffic to the location. The salon, which has just had $33,000 invested in facility renovation s and equipment upgrades, offers its distinguishing client base a wide array of tanning beds – including high, medium and low pressure lay down and stand-up beds, a spray tan booth as well as custom airbrush. As this salon is an absentee owned, turn-key operation, a new owner will benefit from the seller’s substantial investment.

Property information

Real Estate:

Lease

Lease terms:

1,000 sq. ft. for $3,071/month thru 2010.

Location:

This classy 1,000+ sq. ft. salon is located in a busy center with fantastic street visibility and complementary neighbors. The space leases for $3,300 on a lease with a negotiable term. Much of the equipment has been refurbished, the salon’s image (branding and marketing material) has been completely revamped, and the facility’s infrastructure (plumbing, electrical, etc.) has been upgraded.

Other information

Expansion potential:

New owners may seek to enhance revenue growth via the implementation of automatic monthly EFTs (Electronic Fund Transfers) as current management has yet to roll-out this lucrative pricing strategy. A working owner will seek to ensure that all salespersons are sales conscience and trained in selling indoor tanning packages and retail products. Additional gains may be experienced via aggressive marketing efforts such as a continuous direct mail program to the salon’s 9,000 historical clients, cooperative agreements with nearby businesses, mailers to local target customers, and even hand delivered flyers or coupons from the salon’s uber-attractive staff.

Competition / Market:

West Hollywood is deemed highly competitive area for the tanning industry, as this salon is located at the epicenter of those engaged in the image-conscience acting, modeling and entertainment industries.

Support & training:

2 weeks at 20 hours per week.

Reasons for selling:

Personal

Trading hours:

M-F 10-10; Sa, Sun 10-8

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$500 (included in the asking price)