This Tan Salon Chain, Touted As California’s Largest, Offers It Customers A Standardized Service At A Low Cost. The Chain, Which Operates Nearly 10 Locations And Employs Over 40 Part-Time Individuals, Operates High Volume Stores (Some With More Than 250 Clients Per Day!) That Run Efficiently Without Supervision From The Non-Operational Owner. The Company Has Been Profitable Since Inception And Provides New Owners Many Expansion Opportunities. With Gross Revenues Consistently Over 1 Million, This Firm Provides Current Management A Net Benefit Of Over 320,000 (Apppox. 360K With A Working Owner). The Owner’s Willingness To Carry Significant Financing With 550K Down Over An Extended Period (If Properly Secured) Allows For A Timely Acquisition At A Favorable Term.
Facilities: Approximately 100 Tanning Beds Are Included In The Sale, All Full Paid For. The Chain’s Name, Arguably The Best In The Industry, And Its Facility Leases, Which Have Been Negotiated At Extremely Favorable Rates, Will Transfer In The Sale.
Competition Varies By Location, However, Most Of This Chain’s Competitor Are Single Tanning Salons Catering To The Average Tanning Consumer. This Firm Does Not Engage In Local Or Regional Advertising, Where It May Be Able To Obtain Significant Economies Of Scale.
Growth And Expansion: The Chain Does Not Offer Any High-End Tanning Services Such As Spray Tan Units (Hand Held Or Stand Up Units) Or What Would Be Deemed High End Beds. Similarly, The Company Does Not Actively Push Its Retail Product Offering Or Memberships (Or Train Employees To Do So – It Is Reported That Membership Volume Triples When Employees Are Incentivized To Focus On Such Sales). Further, The Chain Does Not Retail High-End (And High Margin) Lotions Or Swimwear. Finally, Management Reports That Due To Location, Stores 6, 8 And 9 Run Without Owner Supervision.
Please Note, Some Locations Have Now Been Sold While Others Remain.
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