This Tanning Salon Has Been The Tanning Location For This Major Los Angeles Based University For The Past 8 Years. The Salon Offers Clients A Wide Variety Of Top Of The Line Tanning Options, Including A High-Pressure Tanning Unit, Combination High And Low Pressure Lay Down Beds, Stand Up Tanning Options, As Well As A Spray Tan Booth. The Salon Has Plenty Of Storage Room, And The Capacity To Handle Over Twice The Current Sales Volume. The Salon Is Very Spacious, Clean And Well Designed. This Salon’s Signage And Prime Location Offer A New Owner A Plethora Of Opportunities For Expansion.
This 1,500 Square Foot Facility Leases For Approximately 3,445/Mo (Including Cam) With A Lease Until 2010. The Business Is Located In The Heart Of The Student’s Shopping District, Walking Distance From All Campus Dormitories And Apartments. The Sale Includes A Variety Of High And Low Pressure Lay Down Beds, A Stand Up Unit, A Spray Tan Unit, Etc. Fully Paid Off In The Sale.
Competition Near The Campus Does Exist, However, This Is The Incumbent Tanning Salon With The Most Convenient Location For Student Tanners.
New Owners Will Likely Seek To Operate The Salon Themselves, And Consider Implementing Customized Spray Tans, Or Other Such Complementary Services. A New Owner May Also Seek To Lease Out A Tanning Room, And Potentially Engage In An Aggressive Marketing Campaign Directed Toward The Student Community.
The Current Lease Is Valid Until October 2010. At Present, The Campus Had Notified The Seller That They May Raze The Premises And Convert The Space To Student Housing. Shall This Occur, They May Construct A Similar Retail Center Nearby. In Such A Case, Current Tenants Will Likely Have Preferential Treatment And/Or Right Of First Refusal. This Is, However, Highly Speculative And The Possibility Does Exist That A New Center Will Not Be Constructed Or If One Is, That Displaced Tenants Will Not Receive Preferential Treatment. This Has Already Been Taken Into Consideration When The Price Was Set.
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