High End Hair / Beauty Salon
Location California,United States
Asking Price Range < $250K
Gross Revenues $485000
Net Profit / Cash Flow $95000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1998
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Negotiable.
Reason for Sale Young children at home.
Description Type: Hair Salon Location: SF Bay Area (Peninsula).
Price: $199,000 Revenues: $485,000.
Sellers Discretionary Earnings: $95,000 (Owner is part-time)
FF&E: $30,000 (Included in the asking price). Inventory: $10,000 (not included).
Short Profile: High-end Hair Salon on a major street with excellent income.
This Hair Salon has been in this city for over 20 years. Owner spent over $60,000 in Tenant Improvements and another $40,000 in Furniture, fixtures, & Equipment. Owner does not do hair. This is an ideal opportunity to make an excellent income without having to be a hair-stylist.
It has 18 stations with most rented out to hairstylists. The station rents range from $1300 to $1450 a month. Four stations are on a commission basis. Business also makes a decent additional income from product sales. It carries approximately $5,000 to $10,000 in saleable inventory and shop supplies.
There is a receptionist who handles the calls and sets appointments. A weekly janitorial service is used by the business. There is ample street parking with short term designation.
Financials are adjusted for a full time working owner who handles all calls but is not a hairstylist. Of course a hairstylist owner can make significant extra income. Confidentiality is extremely important.
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