Tanning Salon, Prime LA Location, Modern, Upscale

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Background

BizEx ID:BizEx1186-EM
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




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

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations