BizEx130-ML: Santa Monica Hair Salon

Background:

General Location:Santa Monica, CA
Category:Services > Beauty & Barber Shops
Years in Business:12
Under Present Owner:12
Hours of Operation:6 days
Owner Hours:Call
Training:2 weeks, 20 hours per week
Organization Type:Sole Proprietor
Lease Expiration:2013
Lease Options:1- 5yr
Building Size:2,000 sqft
Employees:Call

Reason for Sale:
Illness

Financials

Asking Price:$95,000
Down Payment:Negotiable
Gross Sales:$297,498
Discretionary Cash Flow:$32,574
FF&E:$ 27,000
Inventory Included?Yes
Inventory:$ 30,000
Minimum Operating Capital:$ 0
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 5500/month
Payroll:Call
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


Miles M. Logothetis
Business Broker
(310) 882-2200 ext 105
LIC# 01406738

Summary

Business For Sale is a Santa Monica Hair Salon in an excellent location, with an established clientele, poised for growth, $200,000 worth of tenant improvements, and with space available to expand its retail sales. This successful salon occupies 2,000 square feet of prime retail space in a high traffic area. There is an established esthetician room and ample private parking in addition to the nearby public parking structures. The owner designed the space to provide the utmost flexibility in workspace utility. The owner is selling the business due to illness.

This is an ideal opportunity for an energetic stylist or retailer of hair and beauty products who possesses an entrepreneurial spirit and vision. The new owner could grow the business by increasing the number of stylists and stations, by increasing the amount of retail space and products, or by achieving the optimal balance between styling and retail. Currently, the floor area includes space for styling, retail, and an open area. The flexibility in the design allows a new owner to easily reconfigure the space according to their desired business objectives. For specific details about this great opportunity please register as a buyer at bizex.net, and call Miles Logothetis at 310-882-2200 ext. 105.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.