LOS ANGELES, California
| Asking Price |
$199,000 |
Year Established |
2023 |
|
| Annual Revenue |
$197,851 |
Reason for Selling |
Personal |
|
| Annual P/L |
$41,734 |
Attention |
Ryan Clark |
|
| Annual Cash Flow |
$61,734 |
Listing Number |
1004795 |
|
| # of Employees |
6 |
Business Category |
Services: Hair, Nails, Spas, Tanning |
|
Business Overview:
This university area indoor tanning salon offers a range of high and low pressure stand-up and lay down tanning beds, spray and airbrush tan options, as well as infrared sauna and red-light therapy options. The salon caters to a younger university-based client base with discretionary income.
Property Features and Assets:
<p>This 1,350 square foot salon leases for $5.1k per month on a lease until 3/31/2028 with options to be negotiated in the sale. The relatively new establishment was outfitted with $94.5k in equipment, $40k in electrical, $7.5k in plumbing, $4.5k in audio, $15k in furniture and fixtures, and $25k in tech software on top of an $85k build-out. All of the business's furniture, fixtures, equipment, customer list, lease rights and goodwill will be included in the sale.</p><p> </p>
Market Competition and Expansion:
<p>This popular tanning salon differentiates itself by providing its patrons a wide range of services with a comprehensive spectrum of equipment – which provides a highly customized experience for each client. The salon is located in a densely populate urban area that allows it to cater to a diversity of clients within a comparatively small geographic radius. Due to this, the business is able to command a high loyalty rate within its neighborhood, enjoy targeting marketing efforts, while dissuading new competition from entering the marketplace.</p><p> </p><p>Opportunities for expansion include introducing updating pricing and package offerings, adding complementary services, leveraging social media and influencer marketing to promote the salon’s offering while maintaining top of mind awareness with historical and exiting clients, as well as potential new ones.</p><p> </p><p><br></p><p> </p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity