The Veld Group Listings: Beauty, Tan Salon, Day Spa

	Back to Listings << Previous Detailed Summary \| Next Detailed Summary >>
Beauty, Tan Salon, Day Spa: Kern County

Industry Description	Tanning, hair, nail salon	SIC	7299-44, 7230, 7231
Days Open	7 days	Year Established	2001
Hours of Operation	M-Sat 7-7pm, Sun 10-3p	Years Owned	2001
Full-time Employees	0	Part-time Employees	4
Other Notes
Hours/wk by Owner	40 Hrs./Wk.	Owners Duties	Mngt. Oversight
Skills / Licenses Reqπd		Training Offered / Cost	4 weeks
Non-Compete Terms	As necessary

Exec. Summary	This fast growing company has made a tremendous community impact.

Lease / Bldg. Info.	Lease	Monthly Rent	$3,300
Lease Commenced	n/a	Deposit	TBD
Lease Expires	January 2007	Term & Option	TBD
Bldg./Area Description	Commercial/industrial	Square Footage	4,400
Seats, Pkg, Zoning, etc.	Large facility with ample parking on main boulevard.

Reason for Sale	Personal Reasons
Financial Summary	Current Yr. Annual	2003 / Owner to Prove	2002 / Owner to Prove
Gross Revenue	Up 5-10% over 2003	$170,000
COGS
Rent / CAM		$39,600
Payroll
Net Profit (before tax)		TBD
Discretionary Cash		TBD (Estimated $80k)

Expense Breakdown

Included in Sale	Assets		Liabilities
FF&E Included	> $110,000	Lease Obligations	$0
Inventory Included		Debt Included	$0
Other Assets Included		Other Liabilities	$0
Working Capital (not incl)		Return on Sale Price

Asking Price	$250,000	Owner Financing/Terms	Will consider
Earnest Money Dep.	$10,000	Down Payment	TBD

Opportunity Summary

Headline

Beauty, Tan Salon, Day Spa: Kern County

Summary

This full service day spa caters to all of its community's beauty and personal care needs. This facility offers 7 hair stylist and 4 manicurist stations, 2 massage rooms, 1 aesthetician station, 4 tanning beds (with 1 vacant room), and retail swimsuit and beauty product sales. This business has outgrown capacity and management believes expansion could provide significant additional success in this growing and prosperous community. This well established beauty care center maintains a positive working environment where employees and customers alike, walk-in with a smile and stay as long as they can.

Facilities / Assets

The business operates out of a 4,400 square foot building. The building consists of an office, reception area, 5 tanning rooms, various hair and manicure stations, and two masseuse rooms designed for maximum comfort and relaxation.

Competition

Management indicates that other tanning salons exist in the area, however, none providing the variety of services maintained by this facility.

Growth Potential

Many opportunities for expansion exist. Management feels that expansion of the physical facility will provide significant revenue growth. While the current service offering may be expanded upon, new owners may also seek to implement fitness oriented services such as yoga and pilates, etc. Other options include additional male oriented personal care options.

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	Beauty, Tan Salon, Day Spa: Kern County
Summary	This full service day spa caters to all of its community's beauty and personal care needs. This facility offers 7 hair stylist and 4 manicurist stations, 2 massage rooms, 1 aesthetician station, 4 tanning beds (with 1 vacant room), and retail swimsuit and beauty product sales. This business has outgrown capacity and management believes expansion could provide significant additional success in this growing and prosperous community. This well established beauty care center maintains a positive working environment where employees and customers alike, walk-in with a smile and stay as long as they can.
Facilities / Assets	The business operates out of a 4,400 square foot building. The building consists of an office, reception area, 5 tanning rooms, various hair and manicure stations, and two masseuse rooms designed for maximum comfort and relaxation.
Competition	Management indicates that other tanning salons exist in the area, however, none providing the variety of services maintained by this facility.
Growth Potential	Many opportunities for expansion exist. Management feels that expansion of the physical facility will provide significant revenue growth. While the current service offering may be expanded upon, new owners may also seek to implement fitness oriented services such as yoga and pilates, etc. Other options include additional male oriented personal care options.
Other