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Listed by:

ABI Business Sales

Broker license number: 01949381

Absentee Beauty Supply And Salon In California North For Sale

California - North
Asking Price:
$165,000 (USD) Furniture / Fixtures included
Sales Revenue:
$291,341 (USD)
Cash Flow:
$94,193 (USD)

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!

2018:
Revenues -$290,311
Cash Flow - $108,941
FF&E - $50,500
Inventory - $75,000
Profit Margin - 54%

Property information

Real Estate:

Lease

Lease Terms:

Less than 1 year remains on a 5 year lease, with option to renew for another 5 years. Expires May 15, 2019.

Leasehold Rent:

$2,715 (USD) per annum

Location:

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!

Premises Details:

The store consists of 1,432 sq. feet of space, and includes 4 stylist stations, 2 fully equipped shampoo sinks, plus esthetician room.

Size in square feet:
1,432
Planning Consent:

N/A

Business Operation

Expansion Potential:

None.

Competition / Market:

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.

Reasons for selling:

Seller has another business to run.

Trading hours:

Mon-Sat 10:00a-6:00p
Sunday Noon-5:00p

Employees:
1FT/2PT (plus independent stylists)
Years established:
2014

Other Information

Support & training:

Sellers are willing to negotiate reasonable training to be included in the purchase price.

Financing available:

Negotiable.

Furniture / Fixtures value:
$50,500 (USD) - included in the asking price
Inventory / Stock value:
$75,000 (USD)

Contact Information

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