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Downtown Hair Salon & Spa - High Traffic Location
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Hair and Beauty > Beauty Salons and Barber Shops




Business Summary

This absentee owned downtown Los Angeles hair salon and spa is ideally located on the ground floor of a major trade center. It is an ideal opportunity for a full-time owner operator! The salon boasts 7 hair stations, 2 shampoo bowls, 2 massage tables, kitchen and plumbing set-up for 3rd shampoo bowl. The salon has 5 stylists, 2 of which are on a 50/50 commission split, with 2 renters paying $500 each per month and a third on monthly payroll.

Asking Price $70,000

This salon leases for $3,400 per month on a lease that expires in September 2017 with one 5 year option. All of the business's furniture, fixtures and equipment will be included in the sale. The second floor spa is subleased for $850 per month.

While competition typically exists in the highly popular hair salon and spa industries, this venue's location provides it an onsite customer base and grants it ease of access for the high resident and daytime student and employee staff in the immediate vicinity.

This business has a high degree of growth potential given its location, reputation and ability to attract more stylists. The absentee operated salon could tremendously benefit from a full-time owner-operator who ideally is also a technician. In the future, rather than subletting the spa operation the operator may prefer to offer these services themselves.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $88,789
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $20,600
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

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

Photos

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Downtown Hair Salon & Spa - High Traffic Location Photo 1




Print Listing Id: 700266191
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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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