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Businesses For Sale   >>   Hair and Beauty Businesses For Sale

Silverlake Area Hair Salon In Ideal Location

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $122856
Net Profit / Cash Flow  $50086
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2010
Number of Employees  4 - 5
Inventory  3000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 wks at 20 hrs/wk
Reason for Sale  Personal.

Description  
This superbly located Greater Silverlake Area hair salon boasts unbeatable street frontage and name recognition. The salon, which has created a strong brand image, great online presence and favorable Yelp reviews caters to the urban professionals that reside in its ultra hip neighborhood. The quaint salon, which has room for up to 6 chairs, has a mix of both full and part time hair technicians on chair rental agreements. Asking Price $34,850. The very efficient facility leases for $1,800 per month on a secure lease with over 1 year remaining and a three year option (an extended term can be negotiated with the landlord). The business has a reception area, 2 shampoo stations, a color room, and a parking space that is included in the lease (though street parking is readily available). All of the salonnnA?s furniture, fixtures, equipment, name, goodwill, lease rights, etc. are fully owned and will transfer in the sale. The Greater Silverlake area remains one of Los AngelesssA?s hottest and hippest. As such competition does exist, but few salon venues command the location, street visibility and brand image that this salon offers, thus providing it a sustainable advantage for the right owner or ideally, owner-operator. The salon will most likely benefit from a full-time owner operator who is a full time technician or provider of a complementary service (esthetician, massage, nail technician, etc.). While the salon already has a formidable loyal client base to built-upon, it would do well to engage in promotions to continue to introduce new clients to the venue.


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