Profitable & Growing Specialty Hair Salon with Memberships | Transworld Business Advisors
UA-80121869-1

Profitable & Growing Specialty Hair Salon with Memberships

Listing Number: 2401-585661

Description

Profitable & Growing Specialty Hair Salon with Memberships – Absentee Owner
Hair salon voted Best of North County, San Diego. Great reviews. Membership and Packages offered. Beautiful, professional, spacious and welcoming environment. Modern decor like new, modern concept successful. From bi-weekly "maintenance" to special occasions or disabled customers, this salon serves the image conscious North County Coastal Community.

Net Sales
2016: $496,288
2017: $597,335
2018: $665,915

2019 sales ahead of 2018 so far.

Most employees are paid minimum wage hourly plus bonus. Manager andTrainer in place.
10 hydro styling stations, 4 wash basin’s, color bar and private room for esthetician. Washer/dryer, sink, refrigerator, front desk, with 2 computer stations, TV's and storage closets. Sound, security system and new AC. Plenty of room for retail and growth. About 5 years remaining on lease expiring July 21, 2023, option negotiable. Current lease incl. CAM $6805/mo. Terrific street presence and ample parking. TI/FFE est $200k.
Salon concept suitable for franchising with motivated ownership.
Absentee Net $86k. SDE $122k. Asking $239,000 (includes some inventory). Seller Financing available to those with good credit. SBA Possible with 20% down.

Listing Details

  • Price: $239,000
  • Down Payment: $60,000
  • Sellers Discretionary Earnings: $122,049
  • Total Sales: $694,158
  • Location: San Diego County, California

  • Inventory: $12,000
  • FF&E: $50,000
  • Employees: 18
  • Year Established: 2013
  • Reason for Selling: other interests
  • Category: Beauty/Personal Care

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