Hair Salon – Terrific Location – Modern Chic Décor

Not Disclosed, CA
San Diego County

Asking Price: Annual Revenue:
$99,000 Not Disclosed

Services: Hair, Nails, Spas, Tanning

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RE: Hair Salon – Terrific Location – Modern Chic Décor Broker: Linnea Westlake
Owner Financing is Available!

Quick Facts

Asking Price: $99,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 2
BBN Listing #: 495033008
Broker Reference #: 2401-730907

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Business Overview:

Hair Salon – Terrific Retail Location – Modern Chic Décor – Reasonable Rent – Asset Sale
Salon is in a terrific location to capitalize on the residential growth in town as well as the return of tourism. It boasts a modern and sheik décor that is very clean, comfortable and open with plenty of space between stations.
The salon industry has historically been stable and recession proof. All salon owners struggled in 2020/2021 due to the government mandated shutdowns and related limited availability of labor to fill vacancies. With the end of the federal government enhanced unemployment compensation, many categories of employees will be going back to work in Q4 2021.
This salon needs an owner operator who is interested in re-building the business and staffing the salon to fill capacity – ideally 7 days per week 9am – 7pm to maximize revenue and earnings potential. Currently it serves clients seeking hair maintenance and pampering: wash, cut, color, blowout, style and/or extension requests. There are two part time booth renters (1099) in addition to the owner and they are operating by appointment only between 10:30am and 6:30pm. There is a scheduling/client notification and POS system in place.
1 large room for reception and 7 stylist stations. Back area has 2 shampoo bowls, restroom, and color bar. There is also an alcove for kitchenette and laundry.
There is plenty of opportunity to cross-sell and diversify by adding an esthetician and other related service providers. Hosting theme events like wedding prep, mother/daughter outings or birthday parties could help fill available capacity. In addition, there may be an opportunity to add minimally invasive medical spa treatments with the right staff. Marketing should be focused on driving referrals to booth renters or employees depending upon the employment model elected. The buyer should also get the word out to local hotels and vacation rental property management to capture the tourist population interested in salon experiences.
The seller is distracted with other responsibilities and has done little since COVID to recruit and develop stylists or cosmeticians nor is she actively doing any local advertising or marketing beyond Instagram and free yelp. She owns a home in Arizona and travels between residences.
Though this is an Asset Sale and the seller IS motivated, it is not a fire sale. Current revenue is comfortably covering expenses. Business will transfer free of any debt or other encumbrance. Some seller financing may be offered with majority down payment assuming no other financing and good credit.
838 square foot salon within 8543 square foot building. Rent: $2,920.32 (adjusts 4/1/22 to $3,037.12). Current term expires 3/31/ 2024 plus (1) 5 year option. Seller estimated value of FFE (Furniture, Fixtures and Equipment): $120,000. Asking: $99,000.

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Reason for Selling:

Other interests.

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.

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