Status: Off The Market
This Fullerton Tanning Salon is an ideal starter salon for the industry entrant seeking a relatively turnkey operation, or for the passive investor seeking to enhance their cash flow with little hassle. The salon boasts an array of indoor tanning equipment including lay down beds, stand-up and spray booth options, and even a customized spray tan option. This salon also offers its loyal patrons a formidable retail selection that a new owner may seek to expand, and a convenient automatic electronic fund transfer payment plan providing the business a stable recurring revenue base.
This 1,400 square foot facility leases for approximately $2,800 per month including common area maintenance expense (CAM) on a 5-year lease with 4 years remaining and one 5-year option. All of the salon’s furniture, fixtures and equipment are fully owned and will transfer in the sale.
Orange County is a competitive market for indoor tanning. That said, this salon has been established for roughly 30 years and is considered the incumbent indoor tanning option in the area.
The salon could tremendously benefit from a full-time working owner replacing the general manager to ensure top quality sales and customer service. New owners may seek to evaluate the addition of a high pressure tanning option, the implementation of services such as body wraps, photo facials or massage, or consider expanding the retail offering. New owners will also seek to invest in an aggressive advertising and promotion campaign as the current owner recently did to boost the salon’s revenues.
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|Industry:||Health Clubs, Tanning Salons, & Spas|
|Classification:||United States // Pacific States // California // Fullerton|
|Sales:||Between $100 Thousand And $500 Thousand ($146,959)|
|Profits:||Under $100K ($71,862)|
|Profit Type:||Seller's Discretionary Cash Flow (SDCF)|
|Asking Price:||Less than $100K ($115,000)|