This Santa Monica Tanning salon is truly unique on several fronts. It has a high visibility location and is ideally located to attract nearby residents as well as neighborhood commuters. The salon offers its clients convenient onsite parking, as well as a friendly, comfortable and stress-free indoor tanning experience. The salon boasts a variety of low and medium pressure indoor tanning beds, a medium pressure stand-up option and a market leading spray tan booth.
This 1,175 square foot salon leases for $4,997 per month on a lease that expires in May 2016. All of the business's furniture, fixtures and equipment will be included in the sale. Approximately $1,000 in inventory will be sold in addition to the price.
Santa Monica is deemed to be a relative mature indoor tanning market, as a few large national and regional chains occupy the most coveted locations in the city and its surrounding areas, dissuading new competition.
There are many avenues of growth for this salon, as management could not only reduce costs in many ways (the largest of which would be realized with a full-time working owner operator), but could also add services such as customized airbrush tanning, staff incentives for package and lotion sales, a high pressure tanning option (though this may require an electrical panel upgrade), or most importantly, the implementation of an automatic monthly electronic fund transfer program to help bolster revenues during the slower months while helping to insure customer retention.
Asking Price $149,000
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