Busy Salon / Spa in Manhattan Beach. $83,000 Down Payment. Excellent business. Gorgeous Salon with 18 Stylist Chairs and 2 Facial / Massage rooms. Discretionary Income is based upon a working Stylist Owner working with existing salon clientele. Non stylist owner would make about $104,000. With approximately 3,000 square feet, there is room for growth. The salon is the more profitable commission salon with 50% split. Discretionary Income is based upon a stylist working owner who cuts hair and manages the business.
A local salon owner looking to upgrade can move their entire salon staff here can make an extraordinary profit. The Revenue and Discretionary Income is already adjusted down for the present owner's (a stylist) clientele that will be lost when she leaves. Rent is $9,400 per month, with about 5+years remaining on the lease. Longer term lease available. The Revenues and Income can be proved on Tax Returns. This business qualifies to be purchased with an SBA Loan (120 months) with about $83,000 Down Payment.
The monthly loan payments would be approximately $2,800 per month leaving the Buyer with about $104,900 Discretionary Income after Loan Payment or 126% Return on Cash Invested.