Beauty Supply & Salon Business In South California For Sale

Business description

This beauty supply & salon store is part of close to 30 units operation in different cities of California & under the same ownership which has started his first store about 20 years ago. All the stores are absentee run operations and owner intends to sell different units. The owner believes owner operator could run the business much more efficiently & effectively with better profit. All the stores are located in prime locations and very nicely designed & decorated.

This particular unit is located in Corona & has 7 hair stations, which 6 are rented on the flat weekly rental basis &, 3 shampoo stations, & 2 facial rooms which is rented on the flat weekly rental basis as well. The total rental fee collected by this unit approximately is about $2,850 a month & the total annual sales is $250.479 which $220,275 comes from selling the products and $30,204 comes from the services.

The owner is willing to finance the inventory to all qualified buyers.

Annual Revenue: $250,479
FF&E: $24,000 (Included in the price)
Inventory: $100,000 (NOT Included in the price)
Seller’s Discretionary Cash Flow: $60,000
Asking Price: $12,000

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Property information

Location:

2,300 sq.ft. rent $8,600. lease expires 2012 - 2-5 year options. ample parking.

Size in square feet:

2,300

Other information

Reasons for selling:

other ventures.

Furniture / Fixtures value:

$100,000 (included in the asking price)