The Veld Group Listings: East Los Angeles Tan Salon with Great Freeway Access

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East Los Angeles Tan Salon with Great Freeway Access

Industry Description	Indoor Tanning Facility		SIC		7299-44
Days Open	6		Year Established		2001
Hours of Operation	M-Th 10-8,Fr 10-7,Sat 10-5		Years Owned		2001
Full-time Employees	0		Part-time Employees		3
Other Notes
Hours/wk by Owner	0	Owners Duties
Skills / Licenses Reqπd	none	Training Offered / Cost		2 weeks, 20 hours
Non-Compete Terms	2 years, 5 miles

Exec. Summary

Lease / Bldg. Info.		Monthly Rent		$2,666
Lease Commenced	6/03	Deposit
Lease Expires	6/06	Term & Option		3yr w/option
Bldg./Area Description	Busy Shopping Center	Square Footage		1212 Sf
Seats, Pkg, Zoning, etc.	Plenty of parking

Reason for Sale	Personal
Financial Summary	Current Yr. Annual	2003 / Owner to Prove		2002 / Owner to Prove
Gross Revenue	$46,260 thru June 2004	$75,000
COGS		$9,485
Rent / CAM		$31,992
Payroll		$16,000
Net Profit (before tax)		$10,000(owner 0 hours)
Discretionary Cash		$25,000(owner @ 40 hrs)

Expense Breakdown

Included in Sale	Assets			Liabilities
FF&E Included	$15,000	Lease Obligations
Inventory Included	$500	Debt Included
Other Assets Included		Other Liabilities
Working Capital (not incl)		Return on Sale Price

Asking Price	$65,000	Owner Financing/Terms		OWC over $25K
Earnest Money Dep.	$5,000	Down Payment		$25,000

Opportunity Summary

Headline

East LA Tan Salon with Great Freeway Access

Summary

This is a fantastic opportunity for an existing salon owner or a new buyer looking to take advantage of the booming tanning industry. With a track record of over 3 years, the salon comes with a great name, logo recognition, and a substantial client base. Their professionally trained and knowledgeable staff emphasizes the salon's reputation with excellent customer service and personal attention.

Facilities / Assets

In a very high traffic, convenient location this 6 bed facility offers an exceptionally clean, modern interior with comfortable surroundings. Right off a major freeway, the salon is nicely positioned in a shopping center which includes major anchor stores and a well-known gym. Included in the sale is approx. $15K in assets. With all equipment owned free and clear, the salon is a true turn-key operation.

Competition

Very little competition in surrounding area, with none in immediate area.

Growth Potential

This salon is poised for solid growth. There is plenty of room for expansion. The salon currently does not offer any spray units and is closed on Sundays.

Other

8721 West Sunset Blvd. • Suite 103 • Los Angeles, CA 90069 ph 310•652•VELD {8353} fx 310•652•8363 toll free 866•600• 8353 {VELD}
contact@theveldgroup.com

Opportunity Summary
Headline	East LA Tan Salon with Great Freeway Access
Summary	This is a fantastic opportunity for an existing salon owner or a new buyer looking to take advantage of the booming tanning industry. With a track record of over 3 years, the salon comes with a great name, logo recognition, and a substantial client base. Their professionally trained and knowledgeable staff emphasizes the salon's reputation with excellent customer service and personal attention.
Facilities / Assets	In a very high traffic, convenient location this 6 bed facility offers an exceptionally clean, modern interior with comfortable surroundings. Right off a major freeway, the salon is nicely positioned in a shopping center which includes major anchor stores and a well-known gym. Included in the sale is approx. $15K in assets. With all equipment owned free and clear, the salon is a true turn-key operation.
Competition	Very little competition in surrounding area, with none in immediate area.
Growth Potential	This salon is poised for solid growth. There is plenty of room for expansion. The salon currently does not offer any spray units and is closed on Sundays.
Other