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




Business Summary

The current owner opened this salon in May 2007. This Los Angeles store is located in a prime and growing retail shopping center anchored by a Food for Less, Sally Beauty Supply, Michaels and Starbucks. This Fantastic Sam's location has been in business for more than 20 years and has been profitable since opening the store the first time.

The current facility has 9 stations. Currently there are 7 stylists (4 FT, 3 PT) utilizing 7 of the stations. Plenty of room to grow! The owner is a stylist spending around 30 hours at the salon.

The Shop has 2,000 SF of space and rent is $5,700 Mo. Lease until 2020 with extensions to be secured with no problem.

Fully equipped salon, including $ 5,000 worth of inventory, turn key, with a facility lease in place. A brand new salon costs $30,000 just for the franchise license, plus a salon build out of at least $80,000, plus other normal salon business licensing fees.

Turnkey business with great returns ready for a new owner.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $234,000
Cash Flow:   $50,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $5,000
Seller Financing:  No

About The Business

Year Established:  1997
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Excellent
Reason For Selling:  Personal




Print Listing Id: 700280448
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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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