Profitable & Growing Specialty Hair Salon with Memberships

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Asking Price:
$239,000

Gross Revenue:
$694,158
Cash Flow:
$122,049
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$12,000
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

Profitable & Growing Specialty Hair Salon with Memberships - Absentee Owner
Hair salon voted Best of North County, San Diego. Great reviews. Membership and Packages offered. Beautiful, professional, spacious and welcoming environment. Modern decor like new, modern concept successful. From bi-weekly "maintenance" to special occasions or disabled customers, this salon serves the image conscious North County Coastal Community. YoY earnings expected to double.

Net Sales
2016: $496,288
2017: $597,335
2018: $665,915

Most employees are paid minimum wage hourly plus bonus. Manager andTrainer in place.
10 hydro styling stations, 4 wash basin’s, color bar and private room for esthetician. Washer/dryer, sink, refrigerator, front desk, with 2 computer stations, TV's and storage closets. Sound, security system and new AC. Plenty of room for retail and growth. About 5 years remaining on lease expiring July 21, 2023, option negotiable. Current lease incl. CAM $6805/mo. Terrific street presence and ample parking. TI/FFE est $200k.
Salon concept suitable for franchising with motivated ownership.
Absentee Net $86k. SDE $122k. Asking $239,000 (includes about $12,000 inventory). Seller Financing available to those with good credit. SBA Possible with 20% down.

About the Business

Location:
San Diego County, California
Year Established:
2013
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
1,451
Rent:
$5,628.77 Per Month
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks
Seller Financing:
100000.00

Listing Info

ID:
1564612
Ad Detail Views:
82

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Business Listed by

Linnea Westlake

Transworld Business Advisors
License# 02028068

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Sponsoring Broker:

Marshall Pollock
Transworld Business Advisors
License# BRE # 01100886


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