New Price Turnkey Beauty Salon In Honolulu For Sale

Business description

A rare find! This Turn-Key Beauty Salon has been operating profitably for the last 23 years with great income stream. Located in one of Honolulu's largest residential communities, this Salon is one of the longest running and successful tenants.

Enormous potential to expand by utilizing existing stylist stations and including manicurists and facialists to create a unique spa experience for return and new customers.

Customer loyalty is high, with 70% of all customers designated as repeat customers, and the nearest competition is a national franchise chain salon in a neigboring community.

Excellent business opportunity for an owner looking to either manage a Full-Service Beauty Salon, or manage while providing professional beauty services.

Property information

Real Estate:

Lease

Lease terms:

Lease renewed until January 2016. Monthly CAM set at $450. Percentage Rent terms set at 8%.

Leasehold rent:

$4 per sq ft per annum

Location:

Located in one of Honolulu's largest residential neighborhoods with a median family income of $76,000.

Premises details:

Full-service Beauty Salon consisting of 945 square feet with 8 stylist stations, a manicurist station and a dedicated facial room. Ample, free parking available for customers.

Size in square feet:

945

Other information

Expansion potential:

Salon is operating with 4 full-time and 2 part-time stylists. There is great potential to expand revenue growth by maximizing the use of the 8 stylists stations, as well as bringing in a manicurist and esthethician. With full staffing, the Salon can provide a full spa experience for customers both existing and new! Beauty Salon is located in a prime residential shopping center in one of Honolulu's largest residential neighborhoods. After 23-years of providing professional beauty services, it is one of the longest running tenants. 70% of business comes from repeat customers.

Competition / Market:

Nearest competition coming from two national salon chains in Pearl City and Pearlridge Mall. In the immediate vicinity, this Salon is the only personal service salon!

Support & training:

Negotiable

Reasons for selling:

After 23 years of owning and managing this Salon, owner is looking to retire.

Trading hours:

Monday - Friday 8am to 7pm
Saturday - Sunday 9am to 5pm

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)