Business for Sale Overview:
This hair salon has been at the current location for 20 years, and under current ownership for over 10 years. This business is located on a major street in Santa Monica, within a few blocks of the beach, major shopping centers, and boutiques. The facility has to 7 hair stations, which are leased by professional stylists. The current rental income produced by the stylists covers the facility overhead, providing the owner pure profit from services she provides.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The sale includes 7 hair stations, 2 shampoo stations, 2 hair drying stations, and a private room used for esthetician services. The business consists of 1,000 square feet, with a monthly lease of $3,000.
Market Competition and Expansion:
Competition is considered medium as other salons in the area exist.
Opportunities for growth exist. The business could increase marketing via local advertisements and direct mail, as well as cooperating specials with local businesses. At present, only 3 of the 6 booths are rented out full time at $600 per month, with one rented part-time at $300. An additional $1,500 in monthly rental income could be earned if all booths were rented out.
Reason for Selling:
Personal
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.