Exquisite profitable salon in exclusive north county san diego neighborhood is a repeat destination for clients rejuvenating with professional hair, skin and nail care. Shopping therapy optional in the tasteful boutique.
Rare profitability for salon owner has been demonstrated year over year from long established booth renters, salon services and retail. The income opportunity for those working with clients and practicing their trade is as good as it gets.
Salon has been catering to the pampering requirements of this affluent community for over 20 years. Current owners of 5 years have recently completed an extensive remodel investing approximately $70,000. The result is a gorgeous, open, light and bright retreat for it's clients.
1700 sqft, great web site, ratings and lots of parking.
Room for 9 hair stations now, could add 4 more. 4 wash basin's incl. Handicap. Nail station and two pedi-baths. Facial/wax room, spray tan room. Kitchen, washer/dryer. Large lobby for retail.
6 hair and 1 nail stations have been consistently rented. There is one pt stylist and 1 % lease stylist. Two part-time at front desk. Sellers will stay and rent or pay the salon percentage lease upon ownership transfer and there is room to grow. Rent 4 of the available open booths and generate an additonal $72k per year. Significant opportunity for additonal retail income.
Salon gross 2017: $273,928 without owner production. Absentee net $49,551. SDE $80,751. Price $90,000 plus inventory.
FFE of approximately $24k included in price.
Inventory estimated at $35k.
Seller production behind the chair of approximately $160k is not considered in these numbers.
Buyers will be asked to complete a buyer profile and demonstrate fico and financial capacity to close escrow and qualify for the lease prior to receiving detailed p&l's or being invited to tour the salon. Seller financing may be offered to buyers with good credit and salon experience.