Beauty Salon in Palo Alto – Below Market Rent

Palo Alto, CA (Santa Clara County)

Beauty Salon in Palo Alto – Below Market Rent

Asking Price:$175,000

Cash Flow:$72,595

Gross Revenue:$410,453

EBITDA:N/A

FF&E:N/A

Inventory:$2,000

Established:2008

Beauty Salon in Palo Alto – Below Market Rent

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Business Description

This salon has a great location on one of the busiest and most energetic shopping streets in the Bay Area. It offers hair, facial and nail services. Currently the operation has five full time and three part time employees plus one independent contractor who has rented a station since 2008. The owner works as a manicurist. The lease has below market rent and expires in 2021 with a seven year option.

Detailed Information

Inventory:
Included in asking price
Employees:
FT: 5, PT: 3
Facilities:
It has three hair styling stations, five nail stations, two hair washing stations and a motorized facial bed.
Support & Training:
Training: 2 Weeks, 20 Hours Per Week
Reason for Selling:
Retirement

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Bob Brooks

Business Listed By:
Bob Brooks

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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