Business for Sale Overview:
This is a very classy tan salon located in a modern mall filled with high end Los Angeles and San Fernando Valley consumers. The salon caters to multiple “A-List” celebrities and both feeds off of, as well as complements its neighbors, including a day spa facilities, a high end athletic club, and a chic hair salon. Located off of a main thoroughfare, the facility offers clients excellent access, plenty of parking, and a stellar tanning experience. With the utmost attention to detail provided by the on site owner, this salon comes complete with oversize rooms housing 12 regular and high pressure beds, as well as a spray tan unit and a stand up unit. Further, the salon has an ultra modern surveillance system allowing an absentee owner to monitor traffic, employees, and computer entries from any off site location.
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Property Features and Assets:
This first class facility is ideally located in a high walk by traffic mall with complementary neighbors and a built-in client base. The salon is a spacious 2,000 sq. ft., and leases for nearly $7,000 per month including common area maintenance (CAM), on a lease valid until January 2011 with options to be determined. Well over $100,000 was invested in the salon’s build out alone.
Market Competition and Expansion:
Competition is deemed to be relatively high in the San Fernando Valley, however, this upscale salon has few rivals in the area and its loyal following appears to be continuously growing. New owner may seek to increase revenues by adding additional services (landlord permitting) such as luminaire photo facials, body wraps, etc, or rent rooms out a premium rate to other service providers (again, landlord permitting). The business does engage in limited advertising, so new owners may seek to explore aggressive marketing options or alternate pricing strategies to increase the average dollar sale.
Reason for Selling:
Personal.
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.