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Profitable Hair and Nail Salon – Huge Opportunity in the Heart of Sherman Oaks

Close up of beautiful female hands having manicure treatment. Nail brushing.

Lucrative beauty salon offering hair services, manicures, and pedicures. Average gross sales is about: $25,000. Expenses = $6,700 total. 2 years left in lease with a 4 year option. Owner pays own: water & electricity of $500-$600 a month. 3 Tenants rent 3 rooms at: $600 per month which brings in = $1,800 a month. Both sellers together are Netting and taking home = $15,000 a month. These past months: June, July, August, September 2018 the seller paid himself = $45,000. Average to Net = $135,000 per year. Equipment = $40,000 for 10 spa chairs. $8,000 for facial room equipment. $3,500 each hair stations x 4 = $14,000. Excluded from sale is the: Buddha altar. Currently have 5 full time including 2 Owners. 2 employees are commission & 1 getting paid with W-2. 2 part time with a 50/50 commission. Please make an appointment. It is a stand alone building. Owner doesn’t know… Business consists of: newer 10 spa chairs, 4 manicure stations, 3 facial rooms, 1 blow during rooms, 4 hair stations, laundry room, lunch room, 2 shampoo bowls, make up station, 2 large handicap accessible restrooms, 1 supply room, sanitization table, washer and dryer, 1 large towel warmer, water cooler, refrigerator, break room table. Alarm system is with ADT. 6 parking stalls and 1 handicap parking stall. Long front display counter top, 3 cabinets with doors to display products or merchandise. 1 large corner shelf to display products. Small Wine cellar NutriChef, electric wine bottle opener clear display case.

Property Id : 19833
Price: $ 179,000
Property Size: 2,942.00 ft2
Inventory: Included in asking price
Year Established: 2005
Franchise?: No
Lease Rate Monthly $: 2.27
Real Estate: Leased
Willing to co-broker?: Select one
Principals only?: Select one

Notice: The information in this listing has been provided by the business seller, owner, or gent stated above. Biz4Less has no ownership or interest in the sale of this business and has not independently verified any of the information about the business and assumes no responsibility for its accuracy or completeness.

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