Hair Salon Priced To Sell
Location California,United States
Asking Price Range < $250K
Gross Revenues $108000
Net Profit / Cash Flow $38422
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 6 - 9
Inventory 10200
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train for 2 weeks at 20 hours per week.
Reason for Sale Semi retirement.
Description This salon has been serving Los Angeles' Westside for over 20 years. Located on a major boulevard, this prime location is key to capturing clients from Westwood, Century City, and West Los Angeles. The salon has 8 chairs with 2 employees and 6 independent contractors working various hours. Two employees and two of the independent contractors are on a commission split with the owner, and the other four are on a booth rental system. The seller also works as a stylist and will be willing to stay with a new owner.
This salon is located in a 1,200 square foot facility with excellent street-front exposure. The monthly lease is $3,661 (CAM included) expiring in 2008, with an additional 5-year option to extend. The sale includes all the assets of the business except for personal art and decor. The assets include 8 hair stations, 8 hair drying stations, 4 shampoo stations, a washer and dryer, refrigerator, microwave, and the hot water heater.
Competition is considered high as other salons in the area exist.
Many opportunities for growth exist. Currently this owner is working as a stylist and oversees the business on a managerial basis. A new owner could increase marketing with direct mailers, local coupon books, local university publications, and community weeklies. A new owner may also seek to expand the retail solutions, or add complimentary service offerings. Contact for more information on this Hair Salon for sale.
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