Beauty salon.

Pasadena, CA (Los Angeles County)

Beauty salon.
Contact Seller

Asking Price: $95,000

Cash Flow: $71,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: 2012

Beauty salon.

Save Print Share Valuation Report

Business Description

Prime location on a busy thoroughfare, within the most sought after destination in Pasadena. Established 5 years ago, with $250,000 built out cost. It is bright with lovely design and an open floor plan. This chic, classy salon has a highly trained, seasoned and professional staff. They provide a full range of services: haircuts, skin care, nails, hair coloring, make-up & eyebrow threading and henna tattoo. The venue size is 1,850 SF, rent is $5000+/ MO has 3years and 8 months left on the lease.
Has 14 hair stations, 4 shampoo bowls, 3 hair dryers, 3 nail stations, 2 pedicure spa chairs and 1 facial/waxing room for esthetician. Nicely decorated and has: a reception area with elegant custom designed front desk, laundry room with washer and dryers, 3 change rooms for customers, an office, and 2 bathrooms and ample parking spaces. Known for its commitment to excellence this upscale salon performs all the latest services and edgy techniques and cater to both men and women. Currently the staff consists of 1 hairstylists, 1 esthetician,1 nails technician, and 1 eyebrow threader (all on commission base except the eyebrow threader on hourly base). The salon has built an impeccable reputation in the community with its great customer service, relaxing and friendly environment, several 5 stars rating on yelp, high-end brand of products, and over 5,000 customers’ data, all this contribute to its success that will blow the competition away. Opens 6 days: Tuesday- Wednesday 10:00 AM - 6:00 PM, Thursday-Friday 10:00-8:00 Saturday 9:00 AM - 6:00 PM and Sunday 10:00 AM - 4:00 PM. Current owner bought this business a week ago and stays far from the salon. He is an IT per trade working for a company and managing both his IT job and the salon. Due to company recent change, he is now required to travel frequently to meet the clients. This makes it hard for him to run the salon. In the past the salon used to $71,000 net/ year with only 5 stylists. This business has an unlimited potential to grow. There are still13 more vacant hair stations that can be leased out at $250/week each or on a commission basis in addition to 2 more vacant nail stations .Aggressive marketing strategies and regular presence in the salon would attract more customers. Taking all this into consideration, a projected net income of $150,000 would be within reach. All equipment, furniture and fixtures are included in the sale price. Seller may carry $20,000 for 6 Months at 5% interest rate.

Detailed Information

Location:
Pasadena, CA
Employees:
4
Facilities:
1,850 SF ,has 14 hair stations,4 shampoo bowls, 3 hair dryers, 3 nail stations,2 pedicure spa chairs, 1 facial/waxing room for esthetician, a reception area with elegant custom designed front desk, laundry room with washer and dryers, 3 change rooms for customers, an office , 2 bathrooms and ample parking spaces. Rent is $5000/MO with 3 years and 8 months left on the lease.
Competition:
This is a high end salon. It is one of the largest and classiest salon that makes it hard to other salon to compete with.
Growth & Expansion:
There is a great room for expansion. the salon still has 13 vacant hair stations and 2 nail stations that can be leased out and generate good income.
Support & Training:
Available.
Reason for Selling:
Seller is an IT per trade .Due to recent company's policy change ,he is required
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

By clicking the button, you agree to BizBuySell’s  Terms of Use and Privacy Policy


Michael Raad

Business Listed By:
Michael Raad

Century 21 Golden Realty

Report an issue with this listing

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1797437

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Fantastic Sams

Franchise Opportunity
Cash Required: $200,000