Established, clean, profitable Beauty Salon & Spa Business
Los Altos, CA
*** NEW PRICE - ASKING PRICE REDUCED - MOTIVATED SELLER *** FOR SALE: Full Service Hair & Nail Salon Spa Business on a busy street, with good visibility, great signage, located in an affluent City in Silicon Valley, northern Santa Clara County, close to the Peninsula. 860 sq ft retail store front location in a single level, multi-tenant street retail building. The Salon offers hair cuts, hair color, perms, hi-lights as well as nail services like manicure, pedicure, and skin care like facial treatments and waxing. Established business at current location since November 2015. Current Lease expires 12/31/2020 with one (1) five (5) year Lease option to renew, till 12/31/2025. Rent is $2,855/mo. NNN. Tenant pays own gas/electric, phone/internet and shared water. NNN included share of taxes, insurance and HVAC maintenance. Security Deposit is $3000. Ample street parking and on-site building parking on side and rear of building. 3 unreserved parking spaces available. Current Salon Business Owner has been in this same location/city for 10 years with a successful, profitable business. Business was located in the next building from 2010 - 2015 and moved to the current location in 2015. Business includes all FF&E. There are 5 pedicure chairs, 4 manicure stations, 1 hair station, 1 hair wash bowl and 1 hair dryer chair. The premises includes 1 restroom, front and rear entrance/exit doors, tile flooring, central heat & Air Conditioning, recessed lighting, skylights, and large front glass store front windows. Hours: Tue - Fri 10am - 7pm; Sat - Sun 9:30am - 6pm. Monday - closed. 65% of the business is nail services and 35% is hair. Employees are on payroll and will stay to work for new buyer. Buyer to qualify for the Assignment of the Lease. Landlord is looking for good credit and income. Business is very clean, profitable, centrally located, with established clients, and in turn-key condition. Business has a website, Yelp page, Facebook and Next Door. Business has 4.5 stars with over 80 reviews on Yelp! 2018 Income and Expenses: Gross sales: $139,769 Gross Income: $132,124 Expenses: $81,426 Net Income: $50,698 *Contact Agent for 2019 year end income & expenses NEW ASKING PRICE $100,000 Ideal opportunity to own your own Salon & Spa in an affluent City in Silicon Valley. Name, location and seller financials available with Buyer signed NDA. **SALE IS CONFIDENTIAL** Contact Agent if interested.