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Tanning Salon In Riverside County For Sale

Riverside County, California - North
Asking Price:
$39,000 (USD) Furniture / Fixtures included
Sales Revenue:
$148,152 (USD)
Cash Flow:
$60,500 (USD)

This semi-absentee operated tanning salon is located in one of Riverside’s most popular shopping centers. With a host of complementary neighbors that include 2 gyms and a popular mall, as well as newly constructed affluent homes, this salon boasts a great location to cater to the surrounding demographics. With no upgrades or maintenance required, the venue is a turnkey business. The salon boasts 9 rooms, 1 storage room and restroom as well as an 8,653 person customer database. Nearly 100 patrons are on automatically recurring electronic fund transfer programs (EFTs), which amount to nearly $6,300 in monthly revenues.

This spacious 1,400 square foot salon has a monthly rent of $3,300 including triple net fees on a lease until 3/2022 with one 5 year option. The opportunity includes 5 high end tanning units (4 lay down beds & 1 stand up), a sunless airbrush system, a red light theory bed, and a spa room with infrared body wrap! All equipment is paid off and with the exception of the trade name, will be included in the sale.

Property Information

Real Estate:

Lease

Business Operation

Expansion Potential:

Poised to be taken in any direction that new management sees fit, the salon can truly benefit from a hands-on working owner who can focus on increasing memberships of the salon, building relationships with clients, area gyms and other local businesses.
Sunless spray tanning, red light therapy, and infrared body wraps are an additional opportunity for dramatic revenue increases. These services were launched in 2018 after a remodel and should remain a strong focus point to drive sales. Additional complementary services may be introduced like eye lash extension, facials or additional spa services.
Much could also be accomplished on the marketing front, as the salon has done little to none. A strong website and a formal marketing campaign can help grow revenues and increase foot traffic. Also, while Yelp ratings are excellent there has been minimal social media presence established. The venue does not engage in social media marketing although these platforms are an ideal way to drive new business and retain top of mind awareness with existing and former clients.

Competition / Market:

Riverside is considered a moderately competitive market. However, there is no competition that offers anything close to what this salon does in the immediate vicinity. The diverse services, modern facility, and upgraded aesthetic that sets the salon apart from potential competition.

Reasons for selling:

Personal

Employees:
5 part time

Other Information

Support & training:

2 Weeks at 20 hrs/wk

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Inventory / Stock value:
$1,000 (USD)

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