Review

Hair Salon
Day Spas/Beauty Salons
In or near Contra Costa

Status: Available
Price: $99000
Sq Ft: 1,210 Sq Ft.

LBA Listing # 3488
Hair Salon
Day Spas/Beauty Salons


Contra Costa LBA Listing # 3488

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.

Status: Available
Price: $99000
Sq Ft: 1,210 Sq Ft.  


Business Information Financial Information
Ownership Type:  Sole Proprietorship
Year Established:
Year Purchased:
Business Type: Hair Salon
License(s) Required: Business, Cosmetologist
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3488
Date Available: 4/30/2018
Reason For Sale: Retirement and Health Issues.
Annual Total Revenue: 350,000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 4,789/m
Lease Expires: 2022
Lease Option: 1x5 years option
NNN:
 
Financing Information
Down Payment: 99,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.