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Great Clips Hair Salon for sale in Newbury Park in busy retail center

Newbury Park, CA (Ventura County) (Relocatable)

Seller Financing Available
Exterior picture
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Asking Price: $11,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $125,000

Inventory: $4,000

Rent: $3,600 /Month

Established: 2017

Great Clips Hair Salon for sale in Newbury Park in busy retail center

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Business Description

*Price drop as of Aug. 5, 2019 as Seller needs out ASAP!

*Great potential to increase income and buy this business at a low below market price.

*Newer hair salon located in high traffic area right off 101 freeway in retail center with major anchors like Walmart Grocery, Starbucks, Chase Bank, and Walgreens.

*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 hair stations, 1 Shampoo station

*The business does not have any debt that transfers to a new buyer.

*Currently, there are only 3 full time stylists and one part time stylist as employees only and no independent contractor stylists. My recommendation to a buyer is to only hire independent contractors and try and lease out each station as I think that will increase income and you won't have to worry about employee legal issues and other problems that comes with having employees.

*To stay as a Great Clip Franchisee would cost about $20,000 for transfer fee and about 10% of your monthly gross income thereafter along with having to use their products but you can opt not to keep it as a Great Clips and I would recommend doing so so you can probably make larger profits.

Detailed Information

Location:
Newbury Park, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
3/31/2021
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 2017 and since developed positive reputation within the community
Growth & Expansion:
-Opportunity to increase profits with personnel and increased marketing to surrounding businesses, schools and residents.
Financing:
Lease has one additional 5 year option to renew. New Lease or assume existing.
Support & Training:
Seller will provide if needed.
Reason for Selling:
Personal
Franchise:
This business is an established franchise
Business Website:
http://www.greatclips.com/salons/7170
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David Massie

Business Listed By:
David Massie

DJM Commercial Real Estate

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