Business For Sale

Newport Area Tanning Salon – Absentee & Profitable

Newport Beach, CA
Orange County


Asking Price: Annual Revenue:
$475,000 $335,274

Services: Hair, Nails, Spas, Tanning


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RE: Newport Area Tanning Salon – Absentee & Profitable Broker: Ryan Clark

Quick Facts

Asking Price: $475,000
Annual Revenue: $335,274
Net Profit: Not Disclosed
Cash Flow: $126,360
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 5
BBN Listing #: 54474929
Broker Reference #: NewlTan2

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Business Overview:

This fully absentee operated highly profitable Newport Area tanning salon is a first class operation in every aspect of indoor tanning. The salon offers its client multiple high, medium and low pressure tanning options, as well as sunless airbrush or spray booth tanning. Remarkably, the salon has over 53% of its clients on an automatically recurring electronic fund transfer (EFT) program!



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Property Features and Assets:

This 1,150 square foot facility leases for approximately $5,710 per month including common area maintenance expense (CAM) on a lease until November 20, 2020 with options to be negotiated in the sale. All of the salon’s furniture, fixtures and equipment are fully owned and will transfer in the sale. $1,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

The Greater Newport Beach area is one of the most competitive markets in Southern California due to its ideal population demographics. This well established salon, however, has established such a strong loyal client following that should provide it a formidable client base and sustainable competitive advantage for years to come! While the salon is already firing on all cylinders, so to speak, with respect to sales and profitability it could still likely tremendously benefit from a full-time working owner in terms of increased dollar sales per customer and overall customer service offering.

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.

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