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This is 1,210 sq.ft. Salon in a very busy mall with very stable tenants located near Danville / walnut creek. the Owner, a hairstylist, has operated the busines for 31 years at the same location. There are 8 x Stations including a barber, a manicurist ( who rents at $25.00 a day), and four other hairstylists ( who have been working there from 5 to 30 years).
The receptionist makes 550/week and has been there for 15
years. The hair stylists make 60% commission. On the average the place does
about $350K in gross revenue per year.
Total occupancy rent is $4,789.00/m. There are 4 years remaining on the
lease, but the buyer will easily get another 5 year option.
The store is closed Sunday and Monday. The owner does not do any advertising. He is
definitely ready to retire due to age and medical reasons.