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Business Summary
This very well established tanning salon is located in a heavily trafficked shopping center in a popular college neighborhood. The salon, positioned as a clean and friendly starter level salon, has a great deal of opportunity for expansion as it may dramatically expand its service offering, and actively engage in a number of potentially lucrative marketing campaigns.
The salon is located in a 1,514 square foot unit plenty of tanning rooms to manage peak crowds. The salon comes equipped with 10 low pressure tanning beds (all paid off in the sale), and 1 hand held airbrush spray tan unit. The salon also offers a spacious storage area as well as a manager's office. This is a turn-key operation for a new onsite owner.
Competition in Orange County is naturally considered relatively high, as this is one of the tanning industry's most popular areas.
This salon offers its customers basic entry level tanning options. New management could significantly increase cash flow via the introduction of late model medium to high pressure tanning beds, a stand up tanning unit, a spray tan booth, etc. In addition, the salon has not actively engaged in marketing activities and does not have any cooperative agreements with nearby gyms, or local businesses or student organizations.
