Business Overview:
This tanning salon, which is likely Los Angeles’s most sought after, occupies a premier location that attracts its client base of actors, models, musicians and the who’s who of the Hollywood elite. The salon offers it patrons the best in tanning equipment and the top service offering in the industry. As the salon is absentee run, a new owner should have a smooth transition. The salon has posted $700,000 past annual sales and still has room to grow – making it a proven winner.
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Property Features and Assets:
This 1,800 square foot facility leases for $5,834 plus $1,449 in common area maintenance expense on a lease until November 2012 likely with a five-year option. All of the salon’s furniture, fixtures and equipment will be fully paid off in the sale.
Market Competition and Expansion:
Los Angeles’s Hollywood to Beverly Hills corridor, where this salon is located, is one of Southern California’s most competitive due to the ideal nature of its resident demographic – young, attractive actors, models and image conscience denizens with high discretionary spending budgets. This salon’s ideal location, however, provides it a sustainable competitive advantage. This salon offers its clients the best in indoor tanning equipment and spray tanning options. That said, it does not provide its high discretionary income patrons a truly all high pressure tanning option that typically commands a premium price. New owners may seek to explore the addition of a high-pressure bed and an expanded retail offering of lotions, clothing and accessories, while revisiting the staffing structure (the figures present assume a full-time working owner replacing the general manager, which may boost profitability).
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 a franchise resale opportunity.