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Studio City/Sherman Oaks Area Tanning Salon Well Established

California, Sherman Oaks/Studio City
Asking Price $195,000.00
Gross Income $183,233.00
Cash Flow $183,233.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Tanning Salon

  • BEAUTY PERSONAL CARE
Overview
This Ideally located Ventura Boulevard Salon is a little gem located in one of the most sought after areas of San Fernando Valley. The salon boasts a wide variety of tanning options, including high and low pressure tanning beds, stand-up units, UV free spray tan option, as well as additional complimentary service offerings. The location has already withered the storms presented by new competition in the area, and is still holding its own due to its great location, loyal client base and fantastic equipment.
Business Details
Location and Facilities: The salon is located in a 2,200 square foot unit with a lease rate of just $4,800/month, which is below market for this prime location. It houses the perfect mix of highly popular lay down beds, top of the line stand up units, as well as a UV Free Spray tan booth. Its electrical and HVAC infrastructure give this great salon flexibility and the ability to expand if desired. All of the salon s furniture, fixtures and equipment are fully owned and will transfer in the sale.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: This salon offers its customers a variety of tanning options, yet still has room to increase profits aggressively push EFT packages or engage in any consistent marketing campaigns. Competition: The San Fernando Valley is a highly competitive tanning market. This salon, however, enjoys a very mature A+ location, offers clients convenient access with plenty of parking, and is unlikely to face new competition within its local market. It has been a consistent earning salon in the area for years.

Reasons for Selling: Personal

Financing:

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