Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Interim HealthCare Franchise Opportunity

OsteoStrong Franchise Opportunity

Physicians Weight Loss Centers Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

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




Business Summary

This Hollywood area salon opened its doors nearly 20 years ago and always has been a place known for the exceptional service, talented stylists, warm and inviting atmosphere as well as exiting exhibitions. The salon is located in one of the trendiest streets in Los Angeles that continues to benefit from rapid ongoing development. The owner is willing to remain at the salon and rent 1-2 chairs. The salon has several full-time employees who are on a 50% split, a monthly renter and an independent contractor. The salon provides shampoo, hair color, towels and tunics for its clients.

Asking price: $250,000

This light filled 1,500 square foot salon leases for $4,900 per month on a lease that expires in August 2021 with one three year option. Given the location's popularity as tourist destination and a major throughway for residents and commuters, this lease rate is deemed to be below market. The salon has 8 hair stations as well as 4 wash sinks, 2 drying seats, a spacious reception area, a coloring room and a manager's office. All of the business's furniture, fixture, equipment and goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.

While competition certainly exits in this extraordinarily popular area this venue has developed what they feel is a remarkably loyal client base. In fact, some clients regularly return to the salon from other countries. Given the location's tremendous street exposure, convenient access and remarkable lease rate, as well as the seller's willingness to remain a team member, this salon has many attributes that competing venues will likely find difficult to match.

New operators may take this opportunity in any number of directions. If they are hair technicians or other complementary service providers they may bolster revenues via the addition of their client base.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $538,894
Cash Flow:   $127,687
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $100,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2002
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  4 Weeks at 20 hrs/wk
Reason For Selling:  Personal

Photos

View Larger Photo(s) Of Business
Hollywood Area Hair Salon On Major Throughway Photo 1




Print Listing Id: 700330807
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


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



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700330807
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.