Studio City/Sherman Oaks Area Tanning Salon Well Established Sherman Oaks/Studio City, CA (Los Angeles County) Asking Price: $195,000

Gross Income: $183,233

Cash Flow: $80,000

EBITDA: N/A

FF&E: $40,000

Inventory: $300

Real Estate: N/A

Established: 1990

Employees: 3

Business Listed By:
Michael Wildeveld The Veld Group 310-652-8353


Business DescriptionThis Ideally located Ventura Boulevard Salon is a little gem located in one of the most sought after areas of San Fernando Valley. The salon boasts a wide variety of tanning options, including high and low pressure tanning beds, stand-up units, UV free spray tan option, as well as additional complimentary service offerings. The location has already withered the storms presented by new competition in the area, and is still holding its own due to its great location, loyal client base and fantastic equipment. Detailed InformationInventory:Included in asking priceFurniture, Fixtures, & Equipment (FF&E):Included in asking priceFacilities: The salon is located in a 2,200 square foot unit with a lease rate of just $4,800/month, which is below market for this prime location. It houses the perfect mix of highly popular lay down beds, top of the line stand up units, as well as a UV Free Spray tan booth. Its electrical and HVAC infrastructure give this great salon flexibility and the ability to expand if desired. All of the salon s furniture, fixtures and equipment are fully owned and will transfer in the sale.Competition: The San Fernando Valley is a highly competitive tanning market. This salon, however, enjoys a very mature A+ location, offers clients convenient access with plenty of parking, and is unlikely to face new competition within its local market. It has been a consistent earning salon in the area for years.Growth & Expansion: This salon offers its customers a variety of tanning options, yet still has room to increase profits aggressively push EFT packages or engage in any consistent marketing campaigns.Support & Training: 2 wks at 20 hrs/wkReason for Selling: Personal                            




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