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Silverlake Area Hair Salon In Ideal Location
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Hair and Beauty > Beauty Salons and Barber Shops




Business Summary

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 salonnnÃ?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 AngelesssÃ?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.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $122,856
Cash Flow:   $50,086
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $3,000
Seller Financing:  No

About The Business

Year Established:  2010
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 wks at 20 hrs/wk
Reason For Selling:  Personal.




Print Listing Id: 700187786
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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