The Veld Group Listings: Huntington Beach Tan Facility

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Huntington Beach Tan Facility

Industry Description	Indoor Tanning Facility		SIC		7299-44
Days Open	7		Year Established		1998
Hours of Operation	M-Th 10-8,Fr 10-7,Sat 10-5, Sun 11-3		Years Owned		1998
Full-time Employees	0		Part-time Employees		3
Other Notes
Hours/wk by Owner	24 hours per week	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		1375.44
Lease Commenced	Feb. 1998	Deposit
Lease Expires		Term & Option		Month to Month
Bldg./Area Description	Busy Shopping Center	Square Footage		919 Sf
Seats, Pkg, Zoning, etc.	Plenty of parking

Reason for Sale	Owner moved out of area
Financial Summary	Current Yr. Annual	2003 / Owner to Prove		2002 / Owner to Prove
Gross Revenue		105,923
COGS		8,000
Rent / CAM		16,505 + 6,645 Utilities
Payroll		14,133
Net Profit (before tax)		23,400(owner 0 hours)
Discretionary Cash		35,000(owner @ 40 hrs)		29,000

Expense Breakdown

Included in Sale	Assets			Liabilities
FF&E Included	$41,000	Lease Obligations
Inventory Included	$1,200	Debt Included
Other Assets Included		Other Liabilities
Working Capital (not incl)		Return on Sale Price

Asking Price	$95,000	Owner Financing/Terms		OWC over $50K
Earnest Money Dep.	$5,000	Down Payment		$50,000

Opportunity Summary

Headline

Established Huntington Beach Tan with Fantastic Client Base

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 six year track record, the salon comes with great name and logo recognition. Their professionally trained and knowledgeable staff emphasize the salonπs reputation with excellent customer service and personal attention.

Facilities / Assets

In a very high traffic, convenient location this 8 bed + 1 spray unit facility offers an exceptionally clean, modern interior with comfortable surroundings. Included in the sale is approx. $41K in assets, professionally designed 2004 print ads in the Verizon and Yellowbook USA yellow pages, as well as pre-existing ads already developed for 2004 with multiple direct mail companies.

The salon also enjoys client bank account automatic debits of over $2,400/month. This annual figure of $28,800+ is a stable, yet continuously growing revenue stream.

Competition

Moderate competition exist, but not in immediate area.

Growth Potential

This salon is poised for solid growth. With a great lease, below current market value, this is a business in a fantastic booming area.

Other

Included in the $95,000 purchase price is two weeks of professional training, consulting, and KNOWLEDGE OF THE TRADE from the current owner. Collaboration with new management on all advertising and marketing projects will be handled so image will remain constant to retain client base following ownership transfer.

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	Established Huntington Beach Tan with Fantastic Client Base
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 six year track record, the salon comes with great name and logo recognition. Their professionally trained and knowledgeable staff emphasize the salonπs reputation with excellent customer service and personal attention.
Facilities / Assets	In a very high traffic, convenient location this 8 bed + 1 spray unit facility offers an exceptionally clean, modern interior with comfortable surroundings. Included in the sale is approx. $41K in assets, professionally designed 2004 print ads in the Verizon and Yellowbook USA yellow pages, as well as pre-existing ads already developed for 2004 with multiple direct mail companies. The salon also enjoys client bank account automatic debits of over $2,400/month. This annual figure of $28,800+ is a stable, yet continuously growing revenue stream.
Competition	Moderate competition exist, but not in immediate area.
Growth Potential	This salon is poised for solid growth. With a great lease, below current market value, this is a business in a fantastic booming area.
Other	Included in the $95,000 purchase price is two weeks of professional training, consulting, and KNOWLEDGE OF THE TRADE from the current owner. Collaboration with new management on all advertising and marketing projects will be handled so image will remain constant to retain client base following ownership transfer.