30 Salon Suites/Facility; Absentee, Owner-carry, Asking $345K, OC

Mission Viejo, CA (Orange County)

Optima Hair Salon Suits
Contact Seller

Asking Price: $745,000

Cash Flow: $390,000

Gross Revenue: $720,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $20,000 /Month

Established: 2018

30 Salon Suites/Facility; Absentee, Owner-carry, Asking $345K, OC

Save Print Share Valuation Report

Business Description

> An innovative salon rental business concept that provides a small space for individual hairdressers or barbershops who can be independently owned and operated for private customers and generates revenue by collecting rent weekly, based on a short-or long-term lease contract.
> It's a rental business structure that can earn profits from subletting each salon studio through a short- or-long-term tailored lease contract for 6 months to 5 years.
> A collective salon type center suitable for rental business that meets private salon suites needs for hairdressers, manicurists, barbershops or similar occupations.
> It can be perfectly suited to the structure of the clear absentee-run profit with employee-free
> A total structure of 30 studios
• Reasonable asking price is $745,000 and $400,000 to be carried back by the seller
• Total monthly revenue possible can be an average of $60,000
*** The total revenue is a project based on a fully rented studio
• Possible net income in pro forma: $32,000/mo
*** The net income is a project based on a fully rented studio.
• Rent: $20,000/mo
• Total suits are approx. 4,800 sq. ft
• Current lease: 10 years
• No employee, no sales tax
> Perfect opportunity! The seller financing is available for up to $400,000 with 3.5% annum for 5 years for qualified buyers.
> A salon business where salon or beauty-related license holder independently owns and operate each studio in its own way for private clients. Each owner has a key to access its own private studio.
> It is known as the salon hub of the region.
> A comprehensive salon business hub that meets the high demand for salon suites such as hair stylists, cosmetologists, threading, manicurists, nail technicians, massage therapists, estheticians, barbershops or other beauty professionals.
> Located in a upscaling neighbors in The Shops at Mission Viejo
> Offering a single or double studio ranging from 100-300 sq. ft with fully equipped with luxury salon suits and amenities in the facility.
> As we know, private salon shops attract customers.
> Because beauty professionals want to work in pleasant environments, with excellent lighting, good climate control and often, background music with hassle free, this is it. They try to attract a large client base that can follow them even though they change locations. Although many professionals work part-time, those that own suits here can work full-time or part-time and for themselves may have long hours that include evenings, weekends and holidays. This coincides with the schedules at which their clients are normally available.
> Since the break-even point of the suits rental business is 33%, net profit will start to occur only if the tenant exceeds 33%.
> The current occupancy rate is 67%, but it is expected to be a higher tenancy rate at the time of sales completion.
> Thus, it is "As-Is Sale Condition" regarding a tenancy occupancy status at the time of sale. So the seller is willing to carry back a substantial amount to the buyer.
> The remaining space that has not been leased until the transaction is closed must be filled by the buyer by means of buyer's own marketing.
> The seller therefore carries back to the buyer up to $400,000 at 3.5% annum for a five-year to give the buyer enough time and recover the buyer's hard workload from the beginning.
> Visit www.OptimaSalons.com / info@OptimaSalons.com
> Please sign attached online NDA for a quick inquiry or call to show
> For more detailed information, contact Kevin Kim at beeinvest.com@gmail.com
ail.com

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,800
Lease Expiration:
N/A
Employees:
0
Facilities:
30 luxury salon suits with individual sinks and station chairs. Rent inludes maintenance, furnishings, equipment and amenities. Each studio with a lockable door, styling chair, shampoo sink, cabinetry, mirrors and dryer-chair
Competition:
Local salons and barbeshops
Financing:
$400,000
Support & Training:
One week by the seller after closing escrow. Consultation will contiue after training is over.
Reason for Selling:
Another business ventures
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1612362 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Massage Heights

Franchise Opportunity
Capital Required: $416,000