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Sherman Oaks

  • Listing No.: 130-00148

  • Category: Beauty

Asking Price $95,000
Down Payment
Gross Revenue $148,208
Total Adjusted Net Income $50,435
Equipment/Fixtures $15,000
Year Established 2004
General Location Sherman Oaks
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Absentee-run rental hair salon in prime Sherman Oaks location! This is an excellent opportunity to purchase an established hair salon that is 100% station rental, profitable, and located in a high foot traffic area. The location was recently remodeled and features modern FF&E, 3 private rooms, 7 stations, 1 blow dry area (7 of the 11 areas are currently rented), and ample parking is included in the lease! The space is 2,200 SF, and total rent is only $3,788/mo.! Buyer will need to qualify for a new lease with the landlord, and only minimal increases are expected for a qualified tenant. This salon is ideal for a hair stylist looking to own a salon or an experienced salon operator looking for a new location. The business is easy to operate, similar to any other property rental business. Salons with this high quality FF&E, premium location, and considerable cash flow are rare! You don’t want to miss this one! Inquire Now!

Gross Revenue $148,208 Listed Price $95,000
Total Income $50,435 Down Payment
Base Rent $3,618 Square Feet 2200
Total Rent $3,788 Lease Expiration 1/2019
Rent Deposit $3,000 Lease Options
Inventory $0 Leasehold Improvements $53,000
Equipment/ Fixtures $15,000 Other Assets New Signage - $2,500
Full-Time Employees 0 Training Period 2 weeks
Part-Time Employees 0 Special License Required Business License, Salon Establishment License
Contract Staff 3 Reason for Selling Seller moved and wants to persue other business interests

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.