Business For Sale Listing 154872
Bay Area Tanning Salon - Well Established Owner
Status as of Nov-21-2008 at 05:59 PM: Active
Business Summary
This Bay Area Tanning Salon & Massage Studio is one of the most established in the area, and is the example that literally hundreds of other salons have attempted to emulate. The salon has a stellar record of strong sales, and has a highly loyal client following that is largely neighborhood based, providing the salon the luxury of little historical or potential future competition. The salon offers its clients a varied mix of late model tanning equipment from the leading manufacturers, and UV free tanning options from lay down, stand up and spray booth tanning units.
This salon's unmatched location, storied history, training program, and sales consistency make this is a particularly attractive acquisition for industry entrants who seek a turn-key operation, or for the established operator seeking immediate market share in this coveted area with an operation that is already absentee operated.
This 1,000 square foot facility leases for $ 5,800 per month, on a lease valid until October 2014, with a 5 year option. All of the high end furniture, fixtures and equipment are fully paid for, with a fashionable build-out that would likely cost over $150,000 to replicate.
This salon enjoys significant barriers to entry for new competitors as it is the incumbent salon in a coveted area with limited opportunities for new competition.
The salon already has all of the ingredients for success, as it has been a prosperous absentee run operation for nearly 15 years. New owners may seek to extract a higher average dollar sale via the addition of a fully high pressure tanning option, or further expand the retail selection. Naturally, an aggressive marketing campaign targeting new residents, or renewing relationships with former clients may also pay large dividends. Finally, a working owner will realize tremendous savings in payroll expenses, while likely improving the already top notch customer service offering.
The seller is able to provide extensive training.
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($600,473) |
| Profits: |
Between $100 Thousand and $500 Thousand ($226,615) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $500 Thousand and $1 Million ($395,000) |
