Spa And Salon Affluent Peninsula Neighborhood For Sale

Business description

This beautiful 3,636 sq. ft. Day Spa is located in an upscale shopping center in a very affluent Peninsula neighborhood. It was started by the owner in 2000 and has remained in the same shopping center.
She does body and skin care such as facials and body wraps plus waxing and threading hair removal. Nail care is done by a P/T employee who works on a base salary plus commission. The owner will stay on as an employee for the buyer. A buyer should be aware that the seller recently signed two sublease tenants and the seller's cash flow of $94,992 does not reflect a credit for that rental income as the tenants have been there less than 60 days and there is no available information as to their financial strength and business experience. A buyer will have to review the subleases and interview the subtenants as part of their due diligence.

Property information

Real Estate:

Lease

Lease terms:

Expires 1/31/2015 New lease will need to be negotiated

Leasehold rent:

$23 per sq ft per annum

Location:

Mid Peninsula SF Bay Area

Premises details:

3,636 sq. ft. w/two sub tenants

Size in square feet:

3,636

Other information

Support & training:

2 Weeks @ 40 hours per week

Reasons for selling:

down sizing will remain on as employee for new owner

Trading hours:

Mon - Sat 10:00 / 7:00

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)