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Gorgeous Hair Salon in Prime Encino Shopping Center

Encino, California

Asking Price: Gross: Cash Flow:
$225,000 $370,042 $114,288

Business Summary:
This beautifully-appointed hair and nail salon has built a tremendous client base over the past decade. It offers clients a lovely, serene salon experience in a bustling Ventura Boulevard location. The owner says nearly $200,000 has been poured into the luxury appointments that create a truly first-class customer experience. It is a move-in-ready purchase opportunity. The salon specializes in high-end coloring and styling services. It also keeps a substantial inventory of hair care products for sale. There are 6 hair stations, two nail stations, two shampoo bowls and three backbar waiting stations. There are five commissioned stylists, plus the stylist-owner, who command high-end prices for their thoughtful and experienced cuts and colors. The current owner is a popular, active stylist who would be willing to remain in place after the sale. It’s a 950 square-foot space currently renting for $3,311 per month. The lease expires in mid-2017. The salon has a prominent position on the monument signage along Ventura Blvd. The 5-star Yelp reviews are plentiful. The salon features online appointment bookings which customers love. The shopping center location features numerous restaurants and eateries, so customers often bring family and friends to hang out and enjoy.A lovely, move-in-ready salon catering to high-end clients in a prime Encino location. The owner consistently books more than $100K in personal salary as a stylist, in addition to profits from the business. There's plenty of growth opportunity also, with space to add more hair stations and services

 
   
   
Year Business was Established: 2006
   
Number of Employees: 3FT/5 contract  
   
Facilities / Terms of Lease: 950 square foot retail space leasing for $3,311 per month thru June 2017.  
   
Owner willing to finance: Seller Financing may be available to qualified buyer  
   
Owner willing to train: 2 Weeks plus consulting  
   
Reason for selling: New Business Venture  

 

 

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