Moreno Valley Tanning Salon w/Recurring Revenues - Priced to

Location: Moreno Valley, California flag
Industry: Service Businesses, Beauty salons

Asking Price

$ 41,500

Annual Revenue

Not Disclosed

Annual Profit

Not Disclosed

FF & E

Not Disclosed

Inventory

$ 300

Year Founded

2005

Number of Employees

Website

Reason For Selling

Personal

This business is not relocatable.

This business is home based.

Description of Business

This Moreno Valley tanning salon boasts something that most salon owners strive to achieve but few obtain. That is, this salon derives over 33% of its revenues from automatically recurring monthly electronic fund transfers (EFTs) direct from customer s credit cards. The salon offers its clients a fully array of tanning equipment including a variety of medium and low pressure tanning beds, a custom airbrush option, as well as a stand-up tanning option. All of the equipment is fully paid for and will be included in the sale. Ref MorenoTan

Property Information:

This 1,211 square foot facility leases for $2,421 per month with an additional $914 in common area maintenance expenses, on a lease valid until February 2010 with one 5 year option (to be exercised). The salon is located in a busy shopping center with major high traffic tenants.

Competition and Growth Potential:

New owner may seek to evaluate expanding the retail offering, or adding new high margin tanning units such as a high pressure bed or a Mystic Tan or Magic Tan spray tan booth that are geared toward consumers with discretionary income.