Business For Sale Listing 157925
Valencia Tanning Salon – Est, Recently Refurb Loc.
Status as of Jan-7-2009 at 05:59 PM: Off The Market
Business Summary
This semi-absentee run tanning salon has just been completely refurbished, with $18,500 just invested in renovations, and an additional $20,000 invested in new decoration, bulbs and equipment. The salon is ideally located in a bustling Valencia Area shopping center anchored by major national tenants. The well established historical earner has been the main salon in the area for over 10 years, and has historically weathered the threats of new competitors with flying colors. The turn-key operation is priced for an immediate sale. All of the necessary improvements have already taken place; now the salon just needs an operator to take the salon over.
This 1,470 square foot facility leases for approximately $5,115 /mo (including CAM) with a lease until 2012 with a five year option. All of the equipment is fully owned with the exception of a new unit which is on lease for roughly $600 per month. This lease will be taken over by the buyer, or a buyer can opt to payoff the $40k balance and increase annual cash flow by $7.2k.
Competition in Valencia is considered relatively high, however, this salon has outlasted new competition and the city and its surrounds and is poised to be competitive for the next several years.
New owners may seek to allow the salon to reach mature sales volumes with little to no changes, or they may seek to continue to grow the newly launched EFT program. New management should continue to market to capture new residents, formulate promotions with the neighboring gym, and ensure a continued stellar customer service offering. A new owner may also seek to consider adding body wraps or a photo facial machine offering.
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