Downtown Hair Salon & Spa – High Traffic Location

Los Angeles, CA (Los Angeles County)

Downtown Hair Salon & Spa – High Traffic Location

Asking Price:$70,000

Cash Flow:N/A

Gross Revenue:$88,789





Downtown Hair Salon & Spa – High Traffic Location

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Business Description

This absentee owned downtown Los Angeles hair salon and spa is ideally located on the ground floor of a major trade center. It is an ideal opportunity for a full-time owner operator! The salon boasts 7 hair stations, 2 shampoo bowls, 2 massage tables, kitchen and plumbing set-up for 3rd shampoo bowl. The salon has 5 stylists, 2 of which are on a 50/50 commission split, with 2 renters paying $500 each per month and a third on monthly payroll.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This salon leases for $3,400 per month on a lease that expires in September 2017 with one 5 year option. All of the business's furniture, fixtures and equipment will be included in the sale. The second floor spa is subleased for $850 per month.
While competition typically exists in the highly popular hair salon and spa industries, this venue’s location provides it an onsite customer base and grants it ease of access for the high resident and daytime student and employee staff in the immediate vicinity.
Growth & Expansion:
This business has a high degree of growth potential given its location, reputation and ability to attract more stylists. The absentee operated salon could tremendously benefit from a full-time owner-operator who ideally is also a technician. In the future, rather than subletting the spa operation the operator may prefer to offer these services themselves.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:

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Vladimir Tuchinsky

Business Listed By:
Vladimir Tuchinsky

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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