San Francisco Area Tanning Salon – Established Multi-Location Chain!

San Francisco, CA (San Francisco County)

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Asking Price: $279,000

Cash Flow: $144,011

Gross Revenue: $583,981

EBITDA: $144,011

FF&E: $20,000

Inventory: $1,000*

Established: 1982

*not included in asking price.

San Francisco Area Tanning Salon – Established Multi-Location Chain!

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Business Description

This well-established multi location indoor tanning salon chain boasts prime San Francisco locations with attractive rent in popular residential areas. Each salon boasts a variety of low, medium and high pressure lay down and stand-up tanning units, as well as UF Free custom airbrush spray tan options.

Detailed Information

Location:
San Francisco, CA
Inventory:
Not included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The locations range from 1,300 square feet at $5,500 per month on a new 5 year lease with a 5 year option, to 2,500 square feet that leases for $5,300 on a new 5 year lease with options to be negotiated in the sale. All of the furniture, fixtures, equipment and goodwill are fully paid off and will be included in the sale. $500 in retain inventory, per location, will be sold at cost at close in addition to purchase price.
Competition:
While competition exists throughout the city, these salons boast neighborhood-based locations that provide convenient customer access for local residents and commuters alike. Due to the brand being established in the early 1990s, these tend to be incumbent and mature locations that have amassed a tremendous following over the years while the high visibility storefronts ensure top of mind awareness for new and returning customers.
Growth & Expansion:
New operators may take the locations in any number of directions. They may wish to enhance the service offering, revisit the pricing strategy or bolster the retail location. They may even choose to convert some of the rooms to alternate complementary services or sublet let to applicable service providers such massage therapists, reiki or colonic practitioners, estheticians or install infrared saunas, etc.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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Ad#:1689913

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