Business For Sale

Absentee Operated Riverside Tanning Salon

riverside, CA
Riverside County


Asking Price: Annual Revenue:
$475,000 $342,320

Services: Hair, Nails, Spas, Tanning


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RE: Absentee Operated Riverside Tanning Salon Broker: Ryan Clark

Quick Facts

Asking Price: $475,000
Annual Revenue: $342,320
Net Profit: Not Disclosed
Cash Flow: $146,112
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1994
Employees: 5
BBN Listing #: 71744929
Broker Reference #: RivTan2

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Business Overview:

This absentee operated Riverside salon is likely the city’s most formidable and profitable indoor tanning operation. The salon boasts a wide variety of tanning options, including high and low pressure tanning beds, a stand-up unit, multiple UV free spray tan options (booth and custom airbrush), as well as additional complementary service offerings. The salon has a remarkable recurring electronic fund transfer (EFT) program that comprises 57% of total revenue, helping the business to sustain profitability during the non-peak winter tanning season.


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Property Features and Assets:

This 1,320 square foot facility leases for approximately $4,064 per month including common area maintenance expense (CAM) on a lease until September 30, 2019 with one 5 year option. All of the salon’s furniture, fixtures & 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:

Riverside County is a somewhat competitive indoor tanning market that has historically housed several operations. The salon, however, is an area incumbent with a loyal following and a somewhat built-in client base due to its unique location, complimentary neighbors and ease of access. This salon has offered it patrons the seemingly right ‘mix’ of tanning options for years. As such, the absentee run operation may be considered to be both turn-key and without need for modification. As with most small businesses, a full-time working owner will be able to help ensure a top level customer.

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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