Upscale Salon High Traffic Location Nets $147,283

Not Disclosed, CA
Santa Clara County

South Bay-Peninsula


Asking Price: Annual Revenue:
$199,999 Not Disclosed

Services: Hair, Nails, Spas, Tanning


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RE: Upscale Salon High Traffic Location Nets $147,283 Broker: Michael Floorman
License #: 01160661

Quick Facts

Asking Price: $199,999
Annual Revenue: Not Disclosed
Net Profit: $561,874
Cash Flow: $147,283
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 16
BBN Listing #: 9623931
Broker Reference #: 8617

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Business Overview:

Upscale Salon in High Traffic Downtown Location BTI # 8617
Upscale salon in high traffic area of affluent community. The Salon provides full service with full and part time artists. Front desk has full time manager and part-time assistant. Parking is free on the street and in separate downtown parking structure. The owner subject to negotiations would stay as a manager or commission stylist @ 50% w/a minimum of $200 per week in retail sales otherwise 45% or rent a chair @ 275 per week. Sales have increased over the past three years.

Sales $561,874 Net Income $147,283 From FTR 1040 Schedule C for 12 mos 2018
Purchase Price $199,999 Down Payment $199,999 includes $10,000 Inventory
Rent $13,681 per mo w/NNN exp 9/30/2020 w/One Option for 3 years 2,631 sq. ft.
Employees: 3 FT 3 PT Owner: 1 FT 0 PT
Reason For Sale: Retirement
Hours: Mon & Fri 10/6 Tues 10/8 Weds 11/7 Thurs 11/9 Sat 9/4 Closed Sun

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Property Features and Assets:

The salon is located steps away from community hub of activity. The building location makes it an asset that is highly desirable.

Market Competition and Expansion:

Upscale salon in high traffic area of affluent community. The Salon provides full service with full and part time artists. Front desk has full time manager and part-time assistant. Parking is free on the street and in separate downtown parking structure. The owner subject to negotiations would stay as a manager or commission stylist @ 50% w/a minimum of $200 per week in retail sales otherwise 45% or rent a chair @ 275 per week. Sales have increased over the past three years.

Reason for Selling:

Retirement

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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