Absentee Owned, Established Eyelash Extension Business $285k Gross Rev

Los Angeles County, CA

Absentee Owned, Established Eyelash Extension Business $285k Gross Rev
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Asking Price: $99,000

Cash Flow: $40,000

Gross Revenue: $285,000

EBITDA: N/A

FF&E: $6,000

Inventory: N/A

Rent: $2,800 /Month

Established: 2012

Absentee Owned, Established Eyelash Extension Business $285k Gross Rev

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Business Description

Established lash and beauty salon with regular and expanding clientele

Top rated Eyelash Extensions salon established in 2012 provides high quality
beauty services in Torrance: semi-permanent lash extensions, brow & lash
tinting, lash lift, threading. waxing, facials. The business is absentee owned
with a general manager running day to day operations and 5 licensed
estheticians. The business is ranked in the top three Google and Yelp search
results and has more than 200 Yelp reviews with a 4.5 Star rating. 

Highlights
* $285k gross receipts (2018)
* $40k Discretionary Earnings (absentee, 2018) 
* $90k Discretionary Earnings (if owner-operated) 
* Asking $99,000
* 5 Estheticians 
* General Manager, part-time

Daily Operations
The General Manager is responsible for all day to day operations of ordering
supplies and booking appointments. The general manger is able to oversee
the business remotely from a different state.

Estheticians
The Salon has consistently attracted the top estheticians and beauty
professionals in South Bay, who operate as independent contractors. We
provide the supplies and clientele and they focus on doing the best quality
lashes. All Estheticians are licensed practitioners. The Salon itself has been a
member of California Board of Barbers and Cosmetologists since 2012 and
has always followed the highest salon standards. 
Thousands of clients visit the business each year, many of whom are loyal
customers coming over and over for the new eyelash extension refills.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,110
Lease Expiration:
10/1/2020
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
* Approximately 1,110 sq feet total; * 5 Lash and facial beds * Fully automated, cloud-based customer scheduling and records management system * Custom-designed sign-in app (with electronic disclaimer/consent forms feature) * 10 reserved parking spaces, free 2 hour parking
Competition:
Located in a busy strip mall next to a big shopping center. Marketing details: All marketing is done online except for an annual mailer sent to appx 5,000 people who haven’t visited the salon relatively recently within the last 12 or 18 months and word-of-mouth. There is no Google pay per click ads in place all search results are captured through organic searches with minimal SEO efforts. We also spend about $500 every month on Yelp ads since 1/3 of all customers come from Yelp where we have a 4.5 star rating.
Growth & Expansion:
3 more lash technicians can be hired to even further increase revenue
Support & Training:
Will train on salon scheduling and payment systems, as well as daily operations
Reason for Selling:
The seller is retiring
Franchise:
This business is an established franchise
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Business Listed By:
Sev Kamenskihs

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