Business for Sale Overview:
Final Price Reduction! Rarely do you find a proven, profitable business offered at such a low multiple of earnings. A buyer should more than pay for the purchase within the first year after taking over the business. And a tripling of your investment is not an unreasonable expectation. The asking price is barely above the value of the furniture and equipment alone. This represents a phenomenal potential return on investment.
Beautiful, recently remodeled salon in great East Side neighborhood of Alameda. Tranquil yet trendy oasis in your clients’ busy lives. Owner has established a select clientele and impeccable reputation in this relatively affluent community over 9 years at this location. Seller will provide reasonable assistance in transitioning the business to a new owner.
The salon has 3 stations, 2 shampoo bowls, excellent storage, natural light and ventilation. Services currently provided include hair, facial waxing and makeup. Product lines carried include Alterna, Phyto, Pureology and private label cosmetics. The financials shown here are for 2007. Because of the seller’s medical problems, 2008 financial performance was lower. However, the 4-year average annual gross was $90,000 and net cash flow was $60,000. The chairs rent (to other hair stylists) for $725 per month, full-time, and $55 per day, part-time. This business has been the seller’s only source of income and has provided a nice living for the past 9 years.
This is a well established, profitable, turn-key business. The current owner has done the hard part and built a solid foundation for a new owner to take this business to the next level and beyond. And Alameda is a wonderful place to work and/or live. Most of its residents consider the many pluses of the island (such as its small-town feel, its ideal micro-climate, low crime rate, good schools, well maintained classic and varied architecture, clean tree-lined streets, beautiful parks, beaches, marinas and its great location, etc.) to be the best kept secret in the Bay Area.
This salon is not just a great business opportunity but also a wonderful lifestyle opportunity.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
1,000 square feet building.
Reason for Selling:
Health Concerns
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.