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For Sale: Beauty Salon, Spa - Full Service - Los Altos, Santa Clara County


Current Status: Active     Posting #: 259845     Last Refreshed: 4/1/20    
Contact: Robbie Matusich At 408-531-5542  -  Also Email This Contact Below
Price:  $115,000     Down:  $115,000     Adjusted Net:  $61,340     Revenue:  $132,124    
Business Address:  None Given     City:  Los Altos     Zip:  94024    
Attributes:  Semi-Absentee Run, Training & Support     Cooperation With Brokers?  Yes

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  Description About This Posting: Beauty Salon, Spa - Full Service
Price reduced, was $127,500 now reduced to $115,000

Full Service Hair & Nail Salon/Spa Business on a busy street, with good visibility, great signage, located in an affluent City in Silicon Valley, northern Santa Clara County, close to the Peninsula. Located close to Highways 280 and 85. Location is close to dense housing and includes demographics with high annual household income.

860 sq ft retail store front location in a single level, multi-tenant street retail building. The Salon offers hair cuts, hair color, perms, hi-lites as well as nail services: manicure and pedicure and skin care: facial treatments and waxing.

Established business at current location since November 2015. Current Lease expires 12/31/2020 with one (1) five (5) year option to renew, till 12/31/2025.

Rent is $2,855/mo. NNN. Tenant pays own gas/electric, phone/internet and shared water. NNN includes share of taxes, insurance and HVAC maintenance. Security Deposit is $3000.

Ample street parking in front of location and on-site building parking on side & rear of building. 3 unreserved parking spaces also available.

Current Salon Business Owner has been operating in this same location/city for 10 years with a successful, profitable business. Business was located in the next building from 2010 - 2015 and moved to the current location in 2015.

Business includes all FF&E. There are 5 pedicure chairs, 4 manicure stations, 1 hair station, 1 hair wash bowl and 1 hair dryer chair. All equipment is in very good, clean condition.

The premises includes 1 restroom, front and rear entrance/exit doors, tile flooring, central heat & Air Conditioning, recessed lighting, skylights, and large front glass store front windows.

Business Hours: Tue - Fri 10am - 7pm; Sat - Sun 9:30am - 6pm. Monday - closed.

65% of the business is nail services and 35% is hair. Employees are on payroll and will stay to work for new buyer. Buyer to qualify for the Assignment of the Lease. Landlord is looking for good credit and income.

Business is very clean, profitable, centrally located, with established clients, and in turn-key condition. Business has a website, Yelp page, Facebook Page and Next Door. Business has 4.5 stars with over 80 reviews on Yelp!

2019 Income and Expenses:
Gross Sales: $267,112
Expenses: $205,771
Owner Income: $48,000
Net Income: $61,340

Ideal opportunity to own your own Salon & Spa in an affluent City in Silicon Valley. Name, location and seller financials available with Buyer signed NDA.

Sale is confidential.

To get more information about this Beauty Salon, Spa - Full Service business for sale in Los Altos, Santa Clara County please phone Robbie Matusich (Broker - BRE License #:01449407) at 408-531-5542 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #259845 on BizBen.com. In addition to phoning Robbie Matusich, make sure you email Robbie Matusich above to get more info about this Beauty Salon, Spa - Full Service, to ask any questions or request an appointment to see this business for sale. Thank you.

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