Salon & Spa In Newport Beach For Sale

Business description

Hair salon & spa located in business/residential area; close to Pacific coast Hwy & Newport Blvd in affluent city of Newport Beach. The salon offers the services of facial & message therapist, tanning, make-up & permanent make-up artists, hair, stylist, & color specialists. The salon also offers natural hair& beauty products lines for sale to their customers at store & online.

The owner herself is stylist and accepts her customers on appointment basis only. She is willing to stay for transition period to intrude & transfer all her customers to the new owner as they come as part of the purchase price. All other services are provided by specialists who pay flat monthly rent for rooms & stations. The rent collected from rooms & stations covers all the salon’s overhead & rent & leaves the owner little extra money.

Current owner has established this salon 4 years ago & she has been happy with the business. She is forced to sell the business since she has to move out of town to care for her elderly parents. She works 15-20 hours a week & the income level is just the refection of this fact. The new owner could easily increase income by working full time.

Currently, the owner is only working part time, I only work 15-20 hours a week. Increase income easily with full time work.

Annual Revenue: $75,000
FF&E (Included in the price): $5,000
Inventory (Included in the price) $15,000
Seller’s Discretionary Cash Flow $25,000
Asking Price: $40,000

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: -----@-------------.---

Property information

Real Estate:

Lease

Premises details:

$1075.00

Other information

Reasons for selling:

care for elderly parents.

Financing available:

Downpayment Required: $0

Furniture / Fixtures value:

$5,000 (included in the asking price)

Inventory / Stock value:

$15,000 (included in the asking price)