Business for Sale Overview:
This multi-location Los Angeles Area based tanning salon chain boasts 8 very well established locations, each with excellent per square feet lease rates ranging between $1.45 and $2.72, and years in business ranging between 30 and 10 years. While the entire chain may likely be sold, only 6 locations are being offered at this time. This chain likely commands a majority of market share within its core geographic radius, and it offers a new operator a plethora of opportunities for continued growth.
This chain is ideal for the aspiring salon operator who seeks to make a giant entry into the indoor tanning market, the savvy business person that seeks to take advantage of this large client base by cross-marketing complementary services, or the established salon operator that seeks to modify the chain’s equipment offering and pricing strategy, and maximum profits out of this chain’s formidable client database by maximizing the average dollar sale per client.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This chain’s facilities range in size from 900 square feet to 2,000 square feet, with a total of 8,690 square feet available between the 6 locations currently being offered. The gross revenues per location range from $112,000 to $285,000, while the potential cash flows (to a working owner) are between $30,000 and $155,000 per location. Each location has a secure lease at a favorable lease rate, with the potential for additional options. All of the furniture, fixtures and equipment will be fully paid for, and naturally the chain’s formidable name, brand image and goodwill will transfer in the sale (this may differ if singular locations are purchased). While most of the chain’s beds are low-pressure units, the salons do offer a medium pressure, spray tan and stand-up tanning options.
Market Competition and Expansion:
The Greater Los Angeles area remains a highly competitive indoor tanning market. This salon chain, however, tends to operate the incumbent salons in its market and likely commands the majority of market share within its market clusters. As such, it has a strong loyal client following, and unmatched rent due to established tenure at each of its locations.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.