West Hollywood Tanning Salon For Sale

Business description

This well established West Hollywood tanning salon is in indeed in the center of all the action (no, not the Santa Monica Boulevard action). The location occupies a key location with ideal visibility for all of those living in, commuting through, or otherwise visiting West Hollywood. It is near at least 2 major gyms, and several personal training / fitness centers, as well as nearby celebrity filled residential communities. This salon offers clients a varied array of entry level tanning beds, high pressure and stand-up tanning options, and top of the line spray tan options. The salon is not engaging in the highly lucrative customized airbrush tanning business that has become so popular with the high discretionary income clients that reside it the area.

Property information

Real Estate:

Lease

Location:

This salon is located in a 1,100 sq. ft. facility (with parking) that leases for $4,800 per month on a lease until September 2014 with options to be determined. All of the salon s furniture, fixtures and equipment are paid for and will be included in the sale.

Size in square feet:

1,100

Other information

Expansion potential:

This salon is ideal for a working owner / operator who can provide superior customer service to the location s elite client base. New owners will likely seek to slightly renovate the facility to ensure that its classiest in the area, target local residents with an expanded service offering (perhaps by adding customize spray tan, body wraps, massage, or other complementary services that appeal to the salon s local client base), and implement a revised pricing schedule that incentivizes clients to sign up for recurring monthly electronic fund transfers.

Competition / Market:

West Hollywood is a highly competitive indoor tanning market. This location, however, has several attributes that provide it a competitive advantage over other locations (proximity to gyms, parking, street visibility, accessibility, etc.).

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Financing available:

Not Offered

Furniture / Fixtures value:

$40,000 (included in the asking price)

Inventory / Stock value:

$1,000