Business For Sale Listing 150599
Ultra Modern Costa Mesa/ Newport Beach Tan Salon
Status as of Nov-21-2008 at 06:00 PM: Active
Business Summary
This Costa Mesa / Newport Beach Area tanning salon likely occupies some of the best real estate available in one of the busiest shopping centers in the area. This well established salon, which has been in operations since the mid 1990s, offers its clients convenient access, an ultra-modern look, a varied array of medium to high pressure tanning equipment (including a stand-up unit), as well as a spray tan booth and a airbrush tan option for customized spray tans. This salon, which boasts a 400 amp electrical panel, should not need any renovations; rather, it will greatly benefit from an on-side owner operator’s presents as it has been absentee run for over 1.5 years.
This approx. 1,000 square foot facility leases for $5,300 per month, on a lease valid until September 2011, with additional options to be negotiated upon transfer. All of the furniture, fixtures and tanning equipment are fully paid for and included in the sale, as is the fashionable build-out that would likely cost over $100,000 to replicate.
Orange County continues to be a highly competitive tanning market.
This salon has experienced falling sales since its last change of ownership due to the current owners’ absentee approach, coupled with their elimination of certain profit centers that may be reinstituted once again by a new buyer. A hands on, working owner will likely seek to heavily invests in sales, promotion and marketing via postcards to former clients as well as potential new clients in order return the salon to its former glory when gross revenues exceeded $300,000 per annum.
Categories
Industry
Location
Financials
