Highly Profitable Santa Monica Area Tanning Salon – Ideal Location!

Los Angeles, CA (Los Angeles County)

Highly Profitable Santa Monica Area Tanning Salon – Ideal Location!

Asking Price:$199,000

Cash Flow:$134,960

Gross Revenue:$416,401





Highly Profitable Santa Monica Area Tanning Salon – Ideal Location!

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Business Description

This highly profitable Santa Monica / Brentwood Area tanning salon boasts one of the most sought after locations possible as it’s adjacent to a highly complementary neighbor. The premise boasts an extraordinarily attractive build-out with top of the line equipment including low, medium and high pressure tanning beds, a stand-up unit as well as a spray tan and custom airbrush option.

Detailed Information

This 2,400 square foot tanning salon leases for $10,965 per month including triple net (NNN) expense on a lease that expires in January 2017 with one 5 year option. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.
While greater Los Angeles is a highly competitive indoor tanning market, this salon boasts a coveted location with complementary neighbors and few nearby competitors. This is the area’s incumbent salon location, and benefits from a long term loyal client base of high discretionary income area residents, commuters and staffers.
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.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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