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Asking Price:	$59,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Personal
Year Established:	2005
# of Employees:	1 full time; 6 part time
Yearly Revenues:	$186,800
Yearly Cash Flow:	$31,300
Monthly Payroll:	$5,833

Business for Sale Overview:

This central Orange County tanning salon, located in one of the coveted Irvine Center Properties, enjoys a secure, built-in client base and has the ability to capitalize on its high traffic neighboring anchor tenants which include a 24 Hour Fitness, a major movie theater and a well know and highly regarded grocery store. The salon is completely absentee owned, wholly to its detriment. At the price offered, and considering the buyers potential ability to reduce the purchase price by nearly $20,000 by taking over bed lease payments, this salon offers the seasoned operator or the industry entrant (that should be a working owner) a low cost way to enter the indoor tanning industry. Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time.

Property Features and Assets:

The 1,550 square feet space leases for $6,704 per month until December, 2009 (a buyer may try to negotiate an option). The salon sale includes a spray tan booth, a medium pressure stand up unit, and a wide variety of medium and low pressure lay down units. All of the equipment will be paid off in the sale, unless the buyer assumes the $20,000 balance in the equipment leases.

Market Competition and Expansion:

Orange County is a relatively competitive tanning market. This salon enjoys a few natural barriers to entry to protect it from immediate competition due to its build-in client base and its high-traffic, complementary neighbors. New owners will likely seek to evaluate the salon’s staffing approach, pricing schedule, and it overall operation given its highly unique location. Management will likely seek to consider a low cost monthly automatic electronic fund transfer program, and will seek to actively up-sell packages, lotions and sessions to clients.

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.