Business for Sale

Tanning Salon, Prime LA Location, Modern, Upscale

BizEx1186-EM

Background

General Location:Glendale, CA
Category: Beauty & Barber Shops
Tanning Salons
Years in Business:5
Under Present Owner:5
Hours of Operation:Varies
Owner Hours:Varies
Training:2 weeks @ 30 hours
Organization Type:LLC
Lease Expiration:2021
Lease Options:5 Year after 2021
Building Size:1,100
Employees:3
Reason for Sale:Personal Situation

Financials

Asking Price:$82,000
Down Payment:Negotiable
Gross Sales:$120,000
Discretionary Cash Flow:$50,000
FF&E:$15,000
Inventory Included?Yes
Inventory:$3,000
Min. Operating Capital:$10,000
Real Estate Available?No
Rent:$2,600
Financing:Buyer

2017 2016
Gross Sales $ 125,000 $ 125,000
Gross Profit $ $
Disc. Earnings $ 50,000 $ 50,000

Description

Tanning Salon, Organic + Modern, Upscale Clients - Excellent Location - Room to Grow

Founded in 2013, this 5 Star Yelp and Google rated organic, spray-only tanning salon has developed a loyal client base. They specialize in custom airbrush tanning using only natural sourced products which achieves the healthiest "glow" of all tanning methods. Their organic, in-demand tans are achieved without the potentially harmful effects of traditional UV tanning.

Actual Yelp Review - "The day of my wedding, even my makeup artist complimented on my "golden glow" and asked if it was a natural tan or a spray tan. She said it was the best looking tan she has seen in all the years she has done makeup for models and brides"

The shop uses newer state-of-the-art spray equipment and offers an affordable menu of services with something for everyone - women and men alike. They also sell an assortment of apparel, skin and beauty care products and custom jewelry; there is plenty of room to increase inventory and revenue.

A leading consumer rating company named them the "Top Organic Spray Tan Salon" in their area. Teeth Whitening equipment is also included at the location. The shop has 2 unused service rooms that can accommodate additional services or could be rented out monthly.

Actual Yelp Review - "I cannot express how much I love coming here! I have been coming for 4 years and I always leave beautiful and bronze"

Excellent Location - High Income Area - Loyal Customer Base 

Contact me for more information: Eric Mellem, Business Broker at (310) 293-6414 or emellem@bizex.net. For faster response, please complete the Buyer Registration including a Non-Disclosure Agreement at www.bizex.net.

 

 

 


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922




Alex Estrin
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 158
Direct: (310) 882-2200 ext 158
Lic#: 01919847