This full service salon has been serving clients in the upscale community where it is located since 1990. The current owner has been a stylist for 47 years and has been operating out of this salon since 2002. The salon was completely remodeled approximately three years ago, with all new equipment and leasehold improvements added. Currently, the salon has three stylists who rent their stations, one stylist on a 60/40 commission split, and an esthetician on a 60/40 commission split. There are seven stations available plus aprivate back room used for skin care services. Other services offered are hair coloring, hair extensions, waxing, and Brazilian Gloss treatments. The salon also retails products from Moroccan Oil, Enjoy, and Brazilian Gloss.
The premise lease has favorable terms and can be renewed or extended for a qualified tenant. The city where the business is located has restrictions in place that makes the opening of a new salon very difficult, limiting the amount of competition. The owner is very motivated and planning on retirement. If possible though, the owner would like to rent a chair and continue cutting hair at the salon for up to 4 days a month. The purchase price includes training, all equipment, and approximately $2,000 of inventory.
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Property Features and Assets:
The business occupies 1,206 sq. ft. of space in a retail center located in an upscale Orange County coastal community, with ample parking. Base monthly rent is $2,609 plus CAM charges of $547. The lease is valid through March 2014 and can be renewed or extended for a qualified tenant. The purchase price includes training, all equipment, and approximately $2,000 of inventory.
The seller is offering 14 days training as part of the purchase price, and may be willing to rent a chair for up to 4 days per month
Market Competition and Expansion:
The city where the business is located has restrictions in place that makes the opening of a new salon very difficult, limiting the amount of competition.
Reason for Selling:
- 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.