Redondo Beach Salon Chairs Rented

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Asking Price:
$99,000

Gross Revenue:
$97,200
Cash Flow:
$58,750
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$12,000
included in asking price

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Business Description

PRICE REDUCED - Motivated Seller

Attention Hair Stylists who have been dreaming of your own salon near the beach. This fantastic location in Redondo, is just 2 blocks from the ocean. Lots of parking in a high-traffic shopping plaza off major highway, in this higher income, demographic location.

4 Long-term renters provide a stable monthly income that covers most all business expenses, allowing you to keep nearly all of your client service fees in your pocket! There are 2 more chairs currently available that can be rented, and there is room for an additional station that could be added.

The opportunity for a stylist to do very well financially is evidenced by the fact that 2 of the current renters currently gross more than $10,000 month for their stylist services, with lots of long-term repeating clients!

A good landlord and available lease terms at a great monthly lease rate, make this a fantastic opportunity that you should not pass up.

About the Business

Location:
Los Angeles County, California
Year Established:
2012
Real Estate:
Leased
Building Sq. Ft.:
1,152
Rent:
$2,577.00 Per Month
Facilities:
Current owner is retiring after 35 years in the salon business in the area and has clients who could be transitioned to help new owner build their client base
Growth & Expansion:
A working stylist effectively keeps all of their client service earnings as the overhead for the salon is paid via the chair rentals. There are 2 additional existing stations that can be rented, and room for a third to be installed. 3 additional chair rentals adds 2400 per month minimum to rental income ($28,800 annual).
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About the Sale

Reason For Selling:
retiring
Training/Support:
1 week

Listing Info

ID:
1641801
Ad Detail Views:
0

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Business Listed by

Stephen Menges

Transworld Business Advisors of West LA
License# 02080260

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