Full Service Hair Salon in Busy Retail Center

Newbury Park, CA (Ventura County)

Seller Financing Available
Exterior Entrance
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Asking Price: $55,000

Cash Flow: $16,884

Gross Revenue: $142,311

EBITDA: N/A

FF&E: $150,000

Inventory: $7,000

Rent: $2,400 /Month

Established: 2013

Full Service Hair Salon in Busy Retail Center

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Business Description

BLO Full Service Hair Salon for sale in Newbury Park in busy retail center.

*Great potential to increase income and buy this business at a low below market price. Cash Flow listed is for 2017 but 2018 is projected to be higher.

*Upscale hair salon located in high traffic area right off 101 freeway

*Turnkey deal with established clientele and stylists ready to transition right into your new business

*Modern décor with all fixtures custom built

*Waiting area with beverage station, Reception desk, 6-7 hair stations, 1 makeup station, color processing area with two seats, 2 shampoo bowls, dispensary with full washer/dryer

*Owner willing to remain as booth renter and provide support to the new owner

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
8/16/2023
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
-ADA Compliant Restroom -Private office that can be used as additional storage -Retail display -Camera system throughout premises for security -approx 900 sq ft leased at competitive reasonable rent -lots of free parking -located in newly renovated shopping center
Competition:
-No major competition in the immediate area. -Surrounded by affluent businesses and residential population -Currently operating with both booth renters and commissioned stylists -Established in 2013 and since developed positive reputation within the community
Growth & Expansion:
-When a new major retail anchor comes into the center this will be a large customer and income boost. -Opportunity to increase profits with personnel and increased marketing to surrounding businesses, schools and residents -2018 income expected to be larger than listed due to change from employees to commissioned and rented booths. -Owner to potentially remain as booth renter and to provide support to the new owner -Cash flow listed was for 2017 but 2018 projected to be higher
Support & Training:
Seller will provide.
Reason for Selling:
Personal Reasons
Business Website:
http://www.blo-salon.com/
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David Massie

Business Listed By:
David Massie

DJM Commercial Real Estate

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