Hair & Nail Salon In Newport Beach For Sale

Business description

Upscale Hair and Nail Salon located in a prime Newport Beach area near John Wayne Airport, South Coast Plaza and Fashion Island. The salon is very clean and presentable, and has been serving this community for over 24 years.

There are 12 Stylist Stations; 1 in a private room and 2 usable as Manicurist Stations. There are also 3 shampoo stations and laundry services on the premises.

A warm, friendly and genuinely caring atmosphere is provided by a great team of six stylists and one manicurist who all work well together creating overall positive salon energy. All tenants pay a flat monthly rent for their stations. There is also a receptionist who will be very helpful in the transition to the new owner. The business has a reputation for holding charity raffles, fund raisers and offers a cancer cut program. There is a strong web presence through a website, an active Face book page and local news site articles.

The salon currently has an absentee owner. A stylist-owner could increase the business’s profitability. The owner is willing to share all the related business financial documents with serious and qualified buyer candidates, and will finance part of the purchase price.

Annual Revenue: $123,000
FF&E: $70,000 (Included in the price)
Inventory: $1,000 (Included in the price)
Seller’s Discretionary Cash Flow: $13,500
Asking Price: $49,000

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.

For more information contact Mehdi Kazerooni, SUNBELT BUSINESS BROKERS of ORANGE COAST at ------------.
fax: ------------. email: -----@-------------.---

For a complete listing of our currently available business opportunities go to:
---.-------------.---

Property information

Real Estate:

Lease

Premises details:

1300 sq ft, $2194.00

Business Operation

Reasons for selling:

other ventures.

Employees:

Full Time: 1

Years established:

26

Other information

Financing available:

Downpayment Required: $34,000
Monthly Payroll: $740

Furniture / Fixtures value:

$70,000 (included in the asking price)