Absentee Owner-Fantastic Sams Hair Salon

Los Angeles County, CA

Absentee Owner-Fantastic Sams Hair Salon

Asking Price:$90,000

Cash Flow:$31,093

Gross Revenue:$289,102




Lease Rate:N/A /SF


Absentee Owner-Fantastic Sams Hair Salon

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Business Description

A Fantastic ROI as an Absentee Owner

A Fantastic opportunity to earn over 35% Return on Investment (ROI) on this business purchase as an absentee owner! Both the revenue and net cash flow can significantly be improved with a some management involvement initially. If you have a license and wish to operate one of the chairs, then your income could potentially be in the 6 figures!

2016 discretionary earning was at about $31,000 as an absentee owner!

This store is located in a prime and growing retail shopping center in Northeast LA County. To start a Fantastic Sam’s will cost you over $150,000 in addition to lost opportunity to complete build-out and build a customer base (6 months to 1 year). You get to own this operational location at 40% discounted price while generating cash flow from day one!

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This Fantastic Sams location has been in business for 22 months, and has been profitable since opening
Growth & Expansion:
The potential for growth in this business is significant. The current facility has 9 stations. Currently there are stylists utilizing 3 to 5 of the stations at a time between weekdays and weekends. The staff are all W2 employees. The owner is absentee, spending around 1 – 2 hours per week at the salon. A working owner/stylist would significantly increase revenue and income. Further significant improvement to the bottom line can be achieved by actively managing working hours of the employees.
Support & Training:
2 weeks
Reason for Selling:
other business opportunities

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Matt Manavi

Business Listed By:
Matt Manavi

Transworld Business Advisors of Orange

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