Long Beach Area Tan Salon With Stellar Equipment

Business Overview:

This greater Long Beach and South Bay area tanning salon chain is a market leader in its two to three respective markets. The chain has been the area incumbent indoor tanning and complementary services for over 20 years and has become known as the place to go as a result. The salons boast a varied mix of high, medium and low pressure lay down and stand-up indoor tanning units, ultra-violet free spray tan solutions, red light therapy, and additional complementary services. Amazingly, an estimated 70% of revenues are on automatically recurring monthly service packages ranging from $23k/month during peak months to $18k/month during the slow season.

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Property Features and Assets:

This 1,300 square foot salon leases for $4,945 per month on a lease until 13/31/2029 with options to be negotiated in the sale. All of the business's furniture, fixtures, equipment, customer list, lease rights and goodwill will be included in the sale.

Market Competition and Expansion:

As this is the incumbent salon in the area, and boasts a wide range of top of the line equipment, the salon faces little direct competition and may be considered to dominate indoor tanning service provider in the market. As a result direct competition is considered to be extraordinarily low when compared to the surrounding marketplace.

New owners will likely wish to further capitalize on what is already working. Since the salon has not needed to heavily promote itself to existing tanning clients in some time, management may consider a campaign directed towards to new area residents or to those who are not aware of the benefits of many of the salon’s offerings. Also, the location may benefit from a customer service-oriented owner-operator that can help to ensure top customer service and the highest average ticket sales. The addition of esthetician, teeth whitening, or other complimentary services may also be considered.

Reason for Selling:

Additional Details:

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