Reduced! Busy Salon in Growing Area of Indio, CA Seller Financing

Riverside County, CA

Seller Financing Available
Reduced! Busy Salon in Growing Area of Indio, CA Seller Financing
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Asking Price: $46,000

Cash Flow: $30,042

Gross Revenue: $120,612

EBITDA: N/A

FF&E: $10,492

Inventory: $500*

Rent: $2,874,000 /Month

Established: 2016

*not included in asking price.

Reduced! Busy Salon in Growing Area of Indio, CA Seller Financing

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Business Description

This salon opened in 2016. Located in a strip center with major anchors, it remains busy despite major growth activity in the area. three new hotels are under construction or planned within walking distance. Location is major retail area near US-10 offramp. Profitability is better than it appears due to the change in tax laws affecting salons. This salon was commission and is now rental for non-owner revenues.
Owner willing to work 3 days per week for a year to transition clients.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a major retail center right off the I-10 freeway with major Big box anchors. Opened in 2016. Salon is very busy during season with many snowbird clients returning.
Competition:
Only 2 competitors nearby. One whose clients visit for repairs!
Growth & Expansion:
Shopping center is undergoing major renovation with a vacant big box under construction to bring many 4 stores. Also a new hotel is under construction nearby. Limited advertising and web presence provides opportunity to drive more traffic.
Financing:
36000.00
Support & Training:
16 weeks
Reason for Selling:
moving
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Rick Rayl

Business Listed By:
Rick Rayl

Transworld Business Advisors Coachella Valley

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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