Price Reduced. Must Sell Now! E2 Qualified

Newport Beach, CA (Orange County)

Price Reduced. Must Sell Now!  E2 Qualified
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Asking Price: $65,000

Cash Flow: $50,044

Gross Revenue: $303,114

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $11,200 /Month

Established: 2018

Price Reduced. Must Sell Now! E2 Qualified

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Business Description

This Salon & Span is a Gem. Must see to truly get the value of this opportunity!

This is a BEAUTIFUL full service salon. A must see. Motivated sellers. Make an offer!
Large building with LOT's of growth potential. The business grows and exceeds sales month after month. The facility is steller with at least 7 more stylist stations available to grow. The seller has marketed the business well and is seeing the financial rewards.

Due to family health crisis, seller needs to move this sale quickly. The price has been reduce below the asset value. A significant savings and find for the right buyer. Make your best offer.

A premier salon and spa serving Newport Beach, CA and the surrounding areas that opened in 2018. They offer a variety of services while providing their customers with the best customer care possible. Their talented professionals strive to ensure all of their clients are comfortable and 100% satisfied with their end result. This is a beautiful beach city salon with positive online reviews. The seller spent $160,000 putting the salon together, all the hard work of growing the business has already been done. There are currently 12 chairs with 10 of them rented. This a perfect opportunity for a stylist looking to own their own place.

Detailed Information

Location:
Newport Beach, CA
Real Estate:
Leased
Building SF:
3,148
Lease Expiration:
9/30/2020
Employees:
3
Facilities:
Completely renovated in 2017. There is room for 7 more stylist and three more other services, such as lashes, nails and massage. This is a full service lease. It includes, Electric, CAMS, taxes, Water and garbage. It even includes 650 hours a month of parking validation. A value of over 3500.00.
Growth & Expansion:
Add 7 new stylist and 2-3 more estitiions. This is a huge locations. over 3100 square feel a must see to get the full spectrum of the available growth. The perfect buyer is someone in the business that wants to style hair or do services. The company has only been in business 18 months and is turning a profit.
Support & Training:
2 weeks
Reason for Selling:
Family health issues
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(from currently available funds)
 
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Julie Fletcher

Business Listed By:
Julie Fletcher

Business Brokers International, Inc

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