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For Sale: Tanning Salon - Riverside

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Current Status: Active     Posting #: 255102     Last Refreshed: 10/9/19    
Contact: Ryan Clark At 310-652-8353  -  Also Email This Contact Below
Price:  $55,000     Down:  $55,000     Adjusted Net:  $60,500     Revenue:  $148,152    
Business Address:  None Given     City:  Riverside     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  No
Riverside Tanning Salon  Business For Sale

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  Description About This Posting: Tanning Salon
This semi-absentee operated tanning salon is located in one of Riverside's most popular shopping centers. With a host of complementary neighbors that include 2 gyms and a popular mall, as well as newly constructed affluent homes, this salon boasts a great location to cater to the surrounding demographics. With no upgrades or maintenance required, the venue is a turnkey business. The salon boasts 9 rooms, 1 storage room and restroom as well as an 8,653 person customer database. Nearly 100 patrons are on automatically recurring electronic fund transfer programs (EFTs), which amount to nearly $6,300 in monthly revenues.

This spacious 1,400 square foot salon has a monthly rent of $3,300 including triple net fees on a lease until 3/2022 with one 5 year option. The opportunity includes 5 high end tanning units (4 lay down beds & 1 stand up), a sunless airbrush system, a red light theory bed, and a spa room with infrared body wrap! All equipment is paid off and with the exception of the trade name, will be included in the sale.

Riverside is considered a moderately competitive market. However, there is no competition that offers anything close to what this salon does in the immediate vicinity. The diverse services, modern facility, and upgraded aesthetic that sets the salon apart from potential competition.

Poised to be taken in any direction that new management sees fit, the salon can truly benefit from a hands-on working owner who can focus on increasing memberships of the salon, building relationships with clients, area gyms and other local businesses.

Sunless spray tanning, red light therapy, and infrared body wraps are an additional opportunity for dramatic revenue increases. These services were launched in 2018 after a remodel and should remain a strong focus point to drive sales. Additional complementary services may be introduced like eye lash extension, facials or additional spa services.

Much could also be accomplished on the marketing front, as the salon has done little to none. A strong website and a formal marketing campaign can help grow revenues and increase foot traffic. Also, while Yelp ratings are excellent there has been minimal social media presence established. The venue does not engage in social media marketing although these platforms are an ideal way to drive new business and retain top of mind awareness with existing and former clients.

To get more information about this Tanning Salon business for sale in Riverside please phone Ryan Clark (Broker) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #255102 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Tanning Salon , to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence

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Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA

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Shalonda Chappel-Pilgram: Escrow & Bulk Sale Services - Southern California

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