Absentee Owner - Fantastic Sams Hair Salon

Not Disclosed, CA
Los Angeles County

Asking Price: Annual Revenue:
$90,000 $289,102

Services: Hair, Nails, Spas, Tanning

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RE: Absentee Owner - Fantastic Sams Hair Salon Broker: Peter Seariac
License #: 02018229

Quick Facts

Asking Price: $90,000
Annual Revenue: $289,102
Net Profit: Not Disclosed
Cash Flow: $31,093
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 7
BBN Listing #: 702051845
Broker Reference #: 51951-54710

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Business Overview:

A Fantastic opportunity to earn over 35% Return on Investment (ROI) on this business purchase as an absentee owner! Both the revenue and net cash flow can significantly be improved with a some management involvement initially. If you have a license and wish to operate one of the chairs, then your income could potentially be in the 6 figures!

2016 discretionary earning was at about $31,000 as an absentee owner!

This store is located in a prime and growing retail shopping center in Northeast LA County. To start a Fantastic Sam’s will cost you over $150,000 in addition to lost opportunity to complete build-out and build a customer base (6 months to 1 year). You get to own this operational location at 40% discounted price while generating cash flow from day one!

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Property Features and Assets:

This Fantastic Sams location has been in business for over 2 years, and has been profitable since opening.

Market Competition and Expansion:

The potential for growth in this business is significant. The current facility has 9 stations. Currently there are stylists utilizing 3 to 5 of the stations at a time between weekdays and weekends. The staff are all W2 employees. The owner is absentee, spending around 1 – 2 hours per week at the salon. A working owner/stylist would significantly increase revenue and income. Further significant improvement to the bottom line can be achieved by actively managing working hours of the employees.

Reason for Selling:

Other opportunities.

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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