Highly Profitable Recurring Revenues Newport Area Tanning Salon For Sale

Business description

This highly profitable Newport Area tanning salon is a truly first class operation in every aspect of indoor tanning. The salon offers its client multiple high, medium and low pressure tanning options, as well as sunless airbrush or spray booth tanning. The salon boasts an extraordinarily high percentage of recurring revenues via its automatically recurring electronic fund transfer (EFT) program.

Property information

Real Estate:

Lease

Lease terms:

This 1,150 square foot facility leases for approximately $4,866 per month including common area maintenance expense (CAM) on a lease until July of 2014.

Location:

This 1,150 square foot facility leases for approximately $4,866 per month including common area maintenance expense (CAM) on a lease until July of 2014. All of the salon’s furniture, fixtures and equipment are fully owned and will transfer in the sale.

Size in square feet:

1,150

Other information

Expansion potential:

While the salon is already firing on all cylinders, so to speak, with respect to sales and profitability it could still likely tremendously benefit from a full-time working owner in terms of increased dollar sales per customer and overall customer service offering.

Competition / Market:

The Greater Newport Beach area is one of the most competitive markets in Southern California due to its ideal population demographics. This well-established salon, however, has established such a strong loyal client following that should provide it a formidable client base and sustainable competitive advantage for years to come!

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Inventory / Stock value:

$1,000 (included in the asking price)