Long Standing Hair Salon
Location California,United States
Asking Price Range < $250K
Gross Revenues $100000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1985
Number of Employees 6 - 9
Inventory 5000
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Reason for Sale Retiring
Description This hair salon has been in business for 29 years at the busy shopping center of Palos Verdes, Los Angeles. The shopping center is on a main street and is mixed with a variety of businesses; Bank, Restaurants, Pet hospital, Large national retail store, Dry cleaner, Postal service and other speciality tenants.
The salon is 1,000 square feet, 6 service stations and 3 shampoo bowls. The current lease will expire on March, 2017 and has 5-year option. The rent is about $2,900 (including CAM and water). Currently eight stylists are working in the salon; three stations are rented out. The owner wishes to semi-retire and is willing to rent a station to work for a while.
A non-disclosure agreement is required for detailed financial and location information.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by Broker as to accuracy. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own independent due diligence and seek the advice of professionals prior to purchasing the Business.
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