Studio Style Salon Established and Profitable
| Asking Price: | $98,000 | Inventory: | $5,000 ++ |
| Gross Revenue: | $290,758 | Real Estate: | n/a |
| Cash Flow: | $75,031 | FF&E: | $35,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Rare opportunity to take over a 40 year business from the original owner. Well established, profitable salon in Toluca Lake. This salon features custom designed furnishings, and a unique ambiance that clients and customers love. The salon has been in business for 40 years and has gathered a devoted customer base. There are 10 hair stations and 2 manicure/pedicure stations as well as 5 shampoo bowls with steamer cabinets and 2 hair dryers. Every station has lots of drawer and cabinet space making them more desirable for the stylists. Potential to increase revenue by retailing more beauty products, art, gift items and adding Botox and spa facilities. The salon has recently updated many items including a new tankless hot water heater, new A/C, microwave, refrigerator, and a new washer and dryer. Perfectly set up for a stylist who wants to own and work in a busy and successful salon. All stylists commissioned based. One manicure station rented.
About the Business
Year Established:1969
Employees:1 full time -
Facilities:Beautifully designed 2 story salon with a fun and unique atmosphere. Hollywood/entertainment design and feel. Restroom facilities on each floor. Trader Joes parking lot has direct visibility of the salon. Landlord allows use of banners on the building to market directly to all Trader Joes' customers.
Market Outlook and Competition:Lots of potential to earn additional revenues by putting in spa facilities or bring in Botox, etc.
About the Sale
Management Training and Support:2 weeks included with sale. Seller is willing to stay longer to assist the new owner.
Reason For Selling:Retire
Seller Financing:Yes, seller financing is available
KEYWORDS: Beauty Salon, hair salon, hair, nail, nails, nail salon, barber shop, style, feingold
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