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This is a great opportunity to own your own upscale business located in a well-established shopping center just minutes from downtown shopping, City Hall, numerous restaurants, and wine tasting establishments! Over $100,000 has been invested in building out this very elegant establishment! An added bonus lies in the beautiful wineries within a short drive, established in a community which is arguably one of the best travel destinations in Northern California!
Only the highest quality professional products are sold in this store, including Bare Minerals,Joico, Nioxin, Renee Furterer, just to name a few. Net profit margin is 23%, and seller is continuing to grow the business even while working absentee.
Seller is very motivated - he only spends 1-day a week at the store. Onsite manager runs the retail section and occasionally assists with salon customers.
Seeking energetic buyer with management experience and/or stylist license who is also looking to increase revenues through retail sales!
Cash Flow - $108,941
FF&E - $50,500
Inventory - $75,000
Profit Margin - 54%
Less than 1 year remains on a 5 year lease, with option to renew for another 5 years. Expires May 15, 2019.
$2,715 (USD) per annum
The store is located in a well-established strip mall and just blocks from the downtown shopping, restaurants, and wine tasting as well as well-known wineries which draw the visitors in from all over the world!
The store consists of 1,432 sq. feet of space, and includes 4 stylist stations, 2 fully equipped shampoo sinks, plus esthetician room.
This store has no competition within the surrounding area, other than hair salons which do not provide the volume and diversity of products as they do.
Seller has another business to run.
Sellers are willing to negotiate reasonable training to be included in the purchase price.
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