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Asking Price:	$400,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Personal
Year Established:	2002
# of Employees:	5 part time
Yearly Revenues:	$317,137
Yearly Cash Flow:	$150,000
Yearly Net Profit:	$134,000
Monthly Payroll:	$50,000

Business for Sale Overview:

This absentee-run tanning salon has been one of Valencia’s premier high end tanning locations since 2002. The salon boasts the latest and greatest in high pressure, low pressure, stand up and spray booth tanning options. The salon can handle significantly more business, as it has in the past (to be explained by broker). All of the salon’s major pieces of equipment will be fully paid for in the sale, creating a seamless transition for the new owner. With stable historical revenues (except for in 2006 – to be explained) and a dominant location, this salon should continue to provide a new owner a highly stable and profitable revenue source for the foreseeable future.

Property Features and Assets:

This 1,500 square foot facility leases for approximately $7,455/mo (including CAM) with a lease until 2010 with two five year options. The business is located in the heart of one of Valencia’s busiest shopping centers, with a plethora of complementary neighbors including hair and nail salons, banks, and a large day spa.

Market Competition and Expansion:

Competition in the Santa Clarita Valley is considered to be medium, however, the tremendous population growth in the area has supported high end salons such as these. New owners will seek to continue to operate the salon as it has been run to restore the prior 3 years revenue and profit levels (historical revenues have been over $400,000). New management may also consider implementing customized spray tans or other such complementary services, but no equipment upgrades are deemed necessary.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.