30 Salon Suites/Facility; Absentee, Owner-carry, Asking $745K, OC

Mission Viejo, CA (Orange County)

Optima Hair Salon Suits
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Asking Price: $745,000

Cash Flow: N/A

Gross Revenue: N/A



Inventory: N/A

Rent: $20,000 /Month

Established: 2018

30 Salon Suites/Facility; Absentee, Owner-carry, Asking $745K, OC

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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
• Asking price is reduced to $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

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
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
Local salons and barbeshops
Support & Training:
One week by the seller after closing escrow. Consultation will contiue after training is over.
Reason for Selling:
Another business ventures
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Contact the Seller

(from currently available funds)
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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