Luxury Sector Salon/Million Dollar Build-out/Valued over $350,000

Novato, CA (Marin County)

Seller Financing Available
Luxury Sector Salon/Million Dollar Build-out/Valued over $350,000
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Asking Price: $130,000

Cash Flow: $38,086

Gross Revenue: $757,581

EBITDA: $56,400

FF&E: $108,100

Inventory: $15,000*

Rent: $5,627 /Month

Established: 2007

*not included in asking price.

Luxury Sector Salon/Million Dollar Build-out/Valued over $350,000

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Business Description

Sellers Discretionary Earnings $132,500.00

Over $500K in Renovations & Construction
Located in Northern Marin County, one of the top five wealthiest counties in the US. Salon is in a prominent shopping destination with ample free parking, surrounded by luxury anchors.

Salon is systemized, employee run, and profitable.
Salon has a major haircare brand affiliation that drives new business and retail sales.
Owner is relocating and looking to transfer ownership to entrepreneurial seeker ready to take the business to the next level.
Owner willing to train buyer on all facets of running the company.
Monthly rent is exceptionally low. Less than half the rent of similar spaces.
4000 square feet
Lease with extension available
7000 Client Database
Services Offered:
Hair salon services & Body waxing
Accolades:
Best Salon of Novato 2019 by Next Door
Best Salon of Marin County 2018 by Marin Magazine
61 testimonials on YELP! with a 4.5 star rating average
4.8 out of 5 star rating on GOOGLE
Best Salon in the Bay Area awarded by Bay Bella Publishing

Detailed Information

Location:
Novato, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
3/1/2021
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Furnishings & Fixtures imported from France and Italy.No expense was spared in buildout. Reception area/Staff room/20 salon stations/5 shampoo stations/2 ozone-infrared light wall processors/ 1 bathroom
Competition:
This is one of the most high end salon locations in the US. No other luxury level competing salons within Northern Marin County.
Growth & Expansion:
Salon is currently operating at about half capacity. Tremendous opportunity for growth through adding additional service providers, adding additional service offerings, adding online sales, events, parties, increasing retail offering.
Support & Training:
8 weeks of training and support included in selling price. Ongoing consultation available for additional fee.
Reason for Selling:
Relocating out of state
Business Website:
http://nh2salon.com
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Business Listed By:
Nicole Hitchcock

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