MergerPlace

Profitable High-End Hair

California (San Luis Obispo)


  • Asking Price: $450,000
  • Gross Income: $1,345,410
  • Cash Flow: $201,370
  • Real Estate: $6,231
  • Inventory: $30,000
  • FF&E: Not Disclosed
  • Listing ID: #217638
  • Established: 2004
  • Employees: 30 +/-

Business Description

Highly profitable, high volume, award winning luxury salon and spa located in San Luis Obispo County. Located in a prime location, this beautiful space his highly improved with state-of-the-art equipment. Services include hair styling, color, cut, hair extensions, facials, makeup, and waxing. There is also retail stock of exclusive name brand hair, skin and makeup product lines. The business has an impressive customer list and strong following. The salon is recognized as one of the top salons/spas in the area. Several growth opportunities exist that seller is willing to discuss. Business has excellent books and records and 2019 YTD revenue is trending upwards. Management in place. Excellent lease in place which expires August 20124 with (1) 5- year option at $5,800/mo. plus NNN.

Priced to sell! Purchase price includes approximately $30K +/- of active retail inventory at cost, all furniture, fixtures and equipment and over $200,000 of high-end improvements. SBA finance is available for qualified buyer and seller may consider seller finance with a significant down payment for a qualified buyer. This is an excellent opportunity to purchase a highly respected, established premier luxury salon/spa with hundreds of thousands of dollars in improvements and multiple opportunities to expand the business.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or email broker at info@certifiedbizbroker.com to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: California
County: San Luis Obispo

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 30 +/-

Financial Information

Asking Price: $450,000
Gross Revenue: $1,345,410
Cash Flow: $201,370
Inventory: $30,000
Real Estate: $6,231
Seller Financing Available: Yes

Property Information

Facilities:

Located on a busy street next door to newly opened hotel State of the art salon featuring hair styling stations, facial rooms, makeup stations and retail product display and jewelry area.

Growth & expansion opportunities:

Offer Lash Extensions with addition of Lash technician More frequent email and Google marketing campaigns

Competition:

There are several competitors in the area. However, the salon remains by far the busiest in the area.

Reason for selling:

Owner moving out of state

Support & Training:

Seller will provide training at no cost to qualified buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Michael Cole

Certified Business Broker