Business For Sale

Modesto Area Tanning Salon Chain

Modesto, CA
Stanislaus County

Asking Price: Annual Revenue:
$220,000 $416,883

Services: Hair, Nails, Spas, Tanning

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RE: Modesto Area Tanning Salon Chain Broker: Ryan Clark

Quick Facts

Asking Price: $220,000
Annual Revenue: $416,883
Net Profit: Not Disclosed
Cash Flow: $116,855
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 80614929
Broker Reference #: ModTan

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Business Overview:

These greater Modesto area tanning salons have enormous market share in each of their respective markets, as each location is considered a mature and well-established operator and boasts stellar high foot traffic and high visibility locations in major shopping centers with complementary neighbors. Each salon offers patrons an array of indoor high, medium and low pressure lay down and stand-up indoor UV tanning options as well as spray booth options. Both locations have remarkable customer embraced automatic monthly electronic fund transfer (EFT) programs. These help to create a stable revenue stream throughout the year, including the salon’s slower winter season. These automatically recurring EFTs account for almost half of each salon’s revenues!

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

The salons are nearly 1,500 square feet each and lease for between $3,100 and $4,350 per month. Each lease has approximately 3 years remaining with a 5 year options to be negotiated in the sale. All of the equipment is paid for, with the exception of minor items that may be on lease (e.g. POS / credit card swipe machines), and will be included in the sale along with the company’s tremendous goodwill. Roughly $1,000 of inventory per location will be sold at cost at close.

Market Competition and Expansion:

While competition does exist, these incumbent locations are known through each of their respective markets and have developed a loyal following in the 10 – 15 years since they first opened. These would be considered mature indoor tanning markets. While both salons remain profitable, each could benefit from a full-time working owner who can help ensure top customer service and the highest possible average ticket rate per customer. Though not necessary, new operators may also wish to explore the addition of customized airbrush tans, complementary service offerings, a broadened retail selection or perhaps even a modified pricing strategy and scheme.

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.

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