Highly Profitable Glendale Area Tanning Salon – Absentee Operated!

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Asking Price:
$379,000

Gross Revenue:
$391,831
Cash Flow:
$134,888
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

This highly profitable Glendale area indoor tanning salon is entirely absentee operated, and boasts a varied array of low, medium and high pressure equipment as well as stand-up, and UV free spray booth and custom airbrush options. The well-established salon is quite spacious and still has room to grow!

About the Business

Real Estate:
Leased
Building Sq. Ft.:
2,174
Lease Amount/Mo.:
$6,505.00
Facilities:
This 2,174 square foot tanning salon leases for approximately $6,505 per month, on a new five year lease. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.
Market Outlook/
Competition:
While competition exists, this well-established venue is an incumbent salon in the area so it is considered to be both mature as well as well stable –as it has withstood the opening of other new locations over the years.
Growth & Expansion:
As the salon is absentee operated it could potentially substantially benefit from a sales oriented full-time working owner who could replace some staff and minimize double shifts, while simultaneously ensuring the highest average ticket sale and stellar customer service. As with any salon, a new operator will also wish to maximize the number of clients that are on an automatically recurring electronic fund transfer program to ensure the stability of revenues during the slower indoor tanning seasons, while also maximizing customer retention.
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About the Sale

Training/Support:
2 Weeks at 20 hrs/wk

Listing Info

ID:
1371966
Ad Detail Views:
805

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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Los Angeles County, CA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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