South San Francisco Tanning Salon With Great Freeway Access For Sale

Business description

This South San Francisco indoor tanning salon is a well established, easily accessed earner that is poised to potentially continue to be a stable provider for years to come. The salon, whose closest competitor is approximately 10 miles away, offers its client a varied mix of high, medium and low pressure tanning beds, a stand-up tanning option, as well as a UV free customize airbrush tanning option. All of the equipment, valued at roughly 40,000, is fully paid off and included in the sale. This incumbent salon has developed a strong loyal customer base since its launch in the early 1990’s! As such, new owners may seek to capitalize on this loyal following via the implementation of additional complimentary services (massage, teeth whitening, day spa services (photo facials), etc.). This seller may consider financing a sale with $50,000 down, and the balance on a note secured with assets outside of the business.

Property information

Real Estate:

Lease

Lease terms:

This 1,200 square foot location leases for $6,000 per month including all common area maintenance expenses on a lease valid until September 2012 with options to be negotiated upon lease transfer.

Location:

This 1,200 square foot location leases for $6,000 per month including all common area maintenance expenses on a lease valid until September 2012 with options to be negotiated upon lease transfer. The salon is ideally located in between several north / south and east / west oriented freeways, providing local and commuting clients fantastic access from all neighboring communities.

Size in square feet:

1,200

Other information

Expansion potential:

New owner may seek to evaluate increase the retail offering, or adding new high margin tanning units that are geared toward consumer with high discretionary incomes. Such units may include new high pressure tanning beds, spray tan booths (such as the Mystic Tan unit), etc. Of course, new owners may also seek to rejuvenate the salon’s look and feel, while reaching out to the salon’s current and former client database to announce any salon improvements associated with new management.

Competition / Market:

The greater San Francisco area is considered a relatively competitive indoor tanning market.

Support & training:

2 wks at 15 hrs/wk

Reasons for selling:

Personal

Financing available:

Seller may consider small carry back with $50,000 down

Furniture / Fixtures value:

$40,000 (included in the asking price)

Inventory / Stock value:

$500 (included in the asking price)