Owner Absentee: Las Vegas Fantastic Sam's

Las Vegas, NV
Clark County

Asking Price: Annual Revenue:
$59,000 $278,479

Services: Hair, Nails, Spas, Tanning

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RE: Owner Absentee: Las Vegas Fantastic Sam's Broker: Trent Lee

Quick Facts

Asking Price: $59,000
Annual Revenue: $278,479
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 6
BBN Listing #: 55795142
Broker Reference #: 101-15936

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Business Overview:

Ideal buyer is someone who can either work as an owner operator or an 'semi' absentee owner who can spend at least 10-15 hours per week with admin and management responsibilities. Combined between both locations, gross sales are over $278,000 but the current owner is spending no time whatsoever in the business, therefore, payroll cost are too high and over $30,000 cash has been pocket by a manager who has been fired. The ideal buyer needs to be more involved, get payroll cost under control and a better handle on cash transactions. Because of this, the locations are breaking even and need some work to turn a profit. Both salons are within a large anchor strip center and located on a high traffic road. Great location and a great opportunity for anyone looking for the perfect hair salon. For more information including a detailed confidential opportunity summary with financial information and photos, please email the listing agent Trent Lee or email us.

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Property Features and Assets:

2 leased locations of 2,403 square feet Total Square Feet with a Total Monthly Rent of $5,349.50. Lease ends 2/2022 with One 5 year option. Hours of operation are 9am-7pm 7 days a week with 6 Full Time employees. A Cosmetology License is required. Inventory $6,000; FF&E $95,000; Leasehold Improvements $200,000

Reason for Selling:

Seller focused on real estate career.

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 a franchise resale opportunity.

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