Beverly Center / Grove Area Tanning Salon with A+ Location & Fantastic ROI!
| Asking Price: | $218,000 | Inventory: | $1,000 ** |
| Gross Revenue: | $376,000 | Real Estate: | n/a |
| Cash Flow: | $114,000 | FF&E: | $50,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This Beverly Center / Grove Area indoor tanning salon boasts one of the most recognizable, professional locations in the area. The salon offers is clients a stellar array of top of the line tanning equipment including a $42,000 (when new) high pressure bed, a medium pressure stand-up unit, a Mystic Tan spray tan booth (with 2 solutions offered), and a varied array low pressure tanning beds.
About the Business
Year Established:1985
Employees:5 part time
Franchise:Yes
Facilities:This salon is located into a first class facility. As such, its lease rate is $9,000 per month (including CAM) for 1,130 square feet, on a lease until 2014 with options to be negotiated upon sale. All of the salon’s furniture, fixtures and equipment are paid for and will be included in the sale.
Market Outlook and Competition:
The Beverly Center / Grove area remains a highly competitive indoor tanning market. This location, however, tends to attract a slightly different type of client than its competitors.
This salon will be an ideal location as a new location for an existing chain that seeks a dominant location, an absentee owner who can appoint an entry level assistant manager, or a working owner who seeks to maximize their return on investment, and potentially fully recoup their investment in only 2 years! In any scenario, a new owner should engage in an aggressive marketing plan upon transition to immediately further boost sales.
About the Sale
Management Training and Support:2 wks at 20 hrs/wk
Reason For Selling:Personal
Seller Financing:Not Offered
KEYWORDS: Los angeles, Hollywood, the grove, Beverly center, tanning, salon, beauty, skincare
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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