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Westwood Area Tanning Salon Absentee Operated w/Favorable Rent! for sale in Los Angeles, CA

Los Angeles, California (CA)

Asking Price: Gross: Cash Flow:
$ 325,000 $ 360,000 $ 157,608

Furniture and Fixtures Value:
(included in the asking price)

Business Summary:
This Westwood area tanning salon is absentee operated and boasts favorable rent. The premise is highly efficient and easy to staff, with an ideal array of low, medium and high pressure tanning beds, a stand-up unit as well as spray tan and airbrush options.

 

   
Year Business was Established: 2012
   
Number of Employees: 8pt  
   
Facilities / Terms of Lease: This 1,000 square foot tanning salon leases for approximately $4,258 per month including triple net (NNN) expense on a new 5 year lease that expires in January 2022 with one 5 year option. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.  
   
Potential Growth/Expansion: As the salon has been a profitable location for years, new operators will likely wish to maintain the current operation and consider the potential addition of retail products or complementary services such as teeth whitening, photo facials, etc. As the current owner is semi-absentee, the salon may realize tremendous cost savings and customer services benefits via the addition of a personable full-time working owner.  
   
Competition: While greater Los Angeles is a highly competitive indoor tanning market, this salon boasts a coveted location with complementary neighbors and few nearby competitors.  
   
Owner willing to train: 2 Weeks at 20 hrs/wk  
   
Reason for selling: Persona  
   
Seller Reference Number: SportTan2
BusinessMart.com Listing Number: 209225
 

 

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For more info contact:

Ryan Clark

The Veld Group
310-652-8353

CONTACT SELLER

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