Profile: Los Angeles Area Tanning Salon Chain. 6+ Locations To Choose.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Ryan Clark, Broker
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| Primary Phone: |
310-652-8353 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/18/08 |
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| Date Last Revised: |
11/18/08 |
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| BizBen Ad #: |
128309 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,100,000 |
| Down Payment: |
$1,100,000 |
| Annual Revenue: |
$1,543,352 |
| Annual Adjusted Net: |
$475,736 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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This Multi-Location Los Angeles Area Based Tanning Salon Chain Boasts 8 Very Well Established Locations, Each With Excellent Per Square Foot Lease Rates Ranging Between 1.45 And 2.72, And Years In Business Ranging Between 30 And 10 Years. While The Entire Chain May Likely Be Sold, Only 6 Locations Are Being Offered At This Time. This Chain Likely Commands A Majority Of Market Share Within Its Core Geographic Radius, And It Offers A New Operator A Plethora Of Opportunities For Continued Growth.
This Chain Is Ideal For The Aspiring Salon Operator Who Seeks To Make A Giant Entry Into The Indoor Tanning Market, The Savvy Business Person That Seeks To Take Advantage Of This Large Client Base By Cross-Marketing Complementary Services, Or The Established Salon Operator That Seeks To Modify The Chain’s Equipment Offering And Pricing Strategy, And Maximum Profits Out Of This Chain’s Formidable Client Database By Maximizing The Average Dollar Sale Per Client.
This Chain’s Facilities Range In Size From 900 Square Feet To 2,000 Square Feet, With A Total Of 8,690 Sq. Ft. Available Between The 6 Locations Currently Being Offered. The Gross Revenues Per Location Range From 112K To 285K, While The Potential Cash Flows (To A Working Owner) Are Between 30K And 155K0 Per Location. Each Location Has A Secure Lease At A Favorable Lease Rate, With The Potential For Additional Options. All Of The Furniture, Fixtures And Equipment Will Be Fully Paid For, And Naturally The Chain’s Formidable Name, Brand Image And Goodwill Will Transfer In The Sale (This May Differ If Singular Locations Are Purchased). While Most Of The Chain’s Beds Are Low-Pressure Units, The Salons Do Offer A Medium Pressure, Spray Tan And Stand-Up Tanning Options.
The Greater Los Angeles Area Remains A Highly Competitive Indoor Tanning Market. This Salon Chain, However, Tends To Operate The Incumbent Salons In Its Market And Likely Commands The Majority Of Market Share Within Its Market Clusters. As Such, It Has A Strong Loyal Client Following, And Unmatched Rent Due To Established Tenure At Each Of Its Locations.
This Multi Location Chain Has A Very Simple And Straightforward Revenue Model – Offer Clients A Consistent, Quality Service At An Economical Price. As Each Of This Chain’s Locations Are Relatively Low Cost Operations, A Significant Amount Of Upside Potential Exists For The Savvy Salon Operator Who Seeks To Segment Higher Discretionary Income Customers From Lower Ones Via Providing High Dollar High Pressure Tanning Options, Custom Airbrush Tans, Or Other Complementary Services (Please Note The Electric Panels May Require Upgrades If High Pressure Beds Were To Be Added). Such An Operator Will Likely Seek To Utilize Each Facility’s Space And Traffic Count To Their Advantage Via Offering A Varied Retail Offering That May Include Clothing, Swim Wear, Or Complementary Services Such As Body Wraps, Photo-Facials, Etc. (Lease And Landlord Permitting). New Owner Will Also Likely Seek To Actively Promote Automatic Monthly Electronic Fund Transfer (Eft) Memberships.
Please Note That It Is Necessary For All Prospective Buyers To Fill Out A Non-Disclosure Agreement As Well A Buyer Profile Not Only Indicating Ability To Purchase, But Identifying Where Funding Will Come From. Requests For Specific Data Without Such Will Not Be Entertained, Nor Will Responses Such As Not Applicable, Bank Loan (Without Indicating % Down), Or Investors. This Opportunity Is Not Available For Co-Broker At This Time.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Ryan Clark, Broker at 310-652-8353 |
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