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Top Rated Salon - Sales over $1.5MM

San Jose, CA (Santa Clara County)

Seller Financing Available
Top Rated Salon - Sales over $1.5MM
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Asking Price: $549,000

Cash Flow: $210,831

Gross Revenue: $1,586,580

EBITDA: N/A

FF&E: N/A

Inventory: $12,000

Rent: $13,945 /Month

Established: 2002

Top Rated Salon - Sales over $1.5MM

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Business Description

Top Rated Hair Salon at Desirable Location

This high-end salon is located in one of the Bay Area's most desirable shopping centers. It has consistently grossed more than $1MM a year in revenue. The owner is ready to move on after more than fifteen years in the business. There are eleven stylists now; five of them rent the stations for over $12K per month. The seller has a manager who helps him with supervision. He has classes for his stylists put on by his suppliers. He's willing to stay with the business for an extended period, and is willing to carry a note for a qualified buyer. The buyer should have experience and a good financial statement to be approved by the landlord. Ref# 8631

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,368
Lease Expiration:
N/A
Employees:
9
Financing:
$220,000
Support & Training:
2 weeks
Reason for Selling:
wants to change after 15 years
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Contact the Seller

(from currently available funds)
 
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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

Show Phone Number

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

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