Los Angeles Area Tan Salon Chain – 6+ Locations To Choose
| Asking Price: | $1,100,000 | Inventory: | $500 ++ |
| Gross Revenue: | $1,543,352 | Real Estate: | n/a |
| Cash Flow: | $475,736 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price |
This multi-location Los Angeles Area based tanning salon chain boasts 8 very well established locations, each with excellent per square foot lease rates ranging between $1.45 and $2.72, and years in business ranging between 30 and 10 years. While the entire chain may likely be sold, only 6 locations are being offered at this time. This chain likely commands a majority of market share within its core geographic radius, and it offers a new operator a plethora of opportunities for continued growth.
This chain is ideal for the aspiring salon operator who seeks to make a giant entry into the indoor tanning market, the savvy business person that seeks to take advantage of this large client base by cross-marketing complementary services, or the established salon operator that seeks to modify the chain’s equipment offering and pricing strategy, and maximum profits out of this chain’s formidable client database by maximizing the average dollar sale per client.
About the Business
Year Established:1988
Employees:1 full time - 4 part time
Facilities:This chain’s facilities range in size from 900 square feet to 2,000 square feet, with a total of 8,690 sq. ft. available between the 6 locations currently being offered. The gross revenues per location range from $112k to $285k, while the potential cash flows (to a working owner) are between $30k and $155k0 per location. Each location has a secure lease at a favorable lease rate, with the potential for additional options. All of the furniture, fixtures and equipment will be fully paid for, and naturally the chain’s formidable name, brand image and goodwill will transfer in the sale (this may differ if singular locations are purchased). While most of the chain’s beds are low-pressure units, the salons do offer a medium pressure, spray tan and stand-up tanning options.
Market Outlook and Competition:The Greater Los Angeles area remains a highly competitive indoor tanning market. This salon chain, however, tends to operate the incumbent salons in its market and likely commands the majority of market share within its market clusters. As such, it has a strong loyal client following, and unmatched rent due to established tenure at each of its locations.
About the Sale
Reason For Selling:Personal
Seller Financing:Not Offered
KEYWORDS: salon, tanning, beauty, healthcare, Los Angeles, Canoga Park, California, beauty
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