Beauty Salon Established 20 Years
Location California,United States
Asking Price Range < $250K
Gross Revenues $92400
Net Profit / Cash Flow $38040
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1986
Number of Employees 4 - 5
Inventory 15000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description This hair salon has been at the current location for 20 years, and under current ownership for over 10 years. This business is located on a major street in Santa Monica, within a few blocks of the beach, major shopping centers, and boutiques. The facility has to 7 hair stations, which are leased by professional stylists. The current rental income produced by the stylists covers the facility overhead, providing the owner pure profit from services she provides.
The sale includes 7 hair stations, 2 shampoo stations, 2 hair drying stations, and a private room used for esthetician services. The business consists of 1,000 square feet, with a monthly lease of $3,000.
Competition is considered medium as other salons in the area exist. Opportunities for growth exist. The business could increase marketing via local advertisements and direct mail, as well as cooperating specials with local businesses. At present, only 3 of the 6 booths are rented out full time at $600 per month, with one rented part-time at $300. An additional $1,500 in monthly rental income could be earned if all booths were rented out. Asking $69,500. Contact for more information on this Beauty Salon for sale.
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