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Asking Price:	$175,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Personal
Year Established:	2001
# of Employees:	4
Yearly Revenues:	$146,143
Yearly Cash Flow:	$75,378

Business for Sale Overview:

This owner of this semi-absentee run Monrovia Area is being forced to part with this steady earner, which he has owned since its inception, due to an out of state move. The salon boasts excellent freeway access which allows it to draw its loyal client base from as far away as Glendale and Pasadena. The salon offers it clients low and medium pressure lay down beds, a medium pressure stand-up unit, and a Mystic Tan spray tan booth. The sale includes all equipment and inventory, fully paid for in the sale, and a gorgeous facility that could be a tranquil day spa as well as salon (landlord permitting).

Property Features and Assets:

This 1,271 square foot facility leases for $2,300 per month including CAM, on a lease until 2011 with an option to be determined in the sale. The business has highly complementary neighbors, including a major anchor tenant, and prime freeway access. All equipment shall be fully off in the sale.

Market Competition and Expansion:

The greater Monrovia area has been a bustling tanning community, and as such, has been a competitive tanning market. Future growth is anticipated as a new, major anchor tenant is going in across the street, coupled with the fact that a recent competitor just lost its lease. New owners will likely seek to expand the already successful retail operation, consider upgrading 1-2 beds, adding a custom airbrush tan option, and even evaluate the potential addition of body wraps, luminaire facials, massage, and other complementary services that do not require licensing (landlord permitting).

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.