Contact: Michael Raad At 626-215-4563 Cell , 626-204-2319 - Also Email This Contact Below
Asking Price: $95,000 Down Payment: Call / Email
Annual SDC: $71,000
Annual Gross: Call / Email
Business Address: None Given City: Pasadena Zip: None Given
Attributes: Training & Support
Prime location on a busy thoroughfare, within the most sought after destination in Pasadena. Established 5 years ago, with $250,000 built out cost. It is bright with lovely design and an open floor plan. This chic, classy salon has a highly trained, seasoned and professional staff. They provide a full range of services: haircuts, skin care, nails, hair coloring, make-up & eyebrow threading and henna tattoo. The venue size is 1,850 SF, rent is $5000+/ MO has 3years and 8 months left on the lease.
Has 14 hair stations, 4 shampoo bowls, 3 hair dryers, 3 nail stations, 2 pedicure spa chairs and 1 facial/waxing room for esthetician. Nicely decorated and has: a reception area with elegant custom designed front desk, laundry room with washer and dryers, 3 change rooms for customers, an office, 2 bathrooms and ample parking spaces. Known for its commitment to excellence this upscale salon performs all the latest services and edgy techniques and cater to both men and women. Currently the staff consists of 1 hairstylists, 1 esthetician,1 nails technician, and 1 eyebrow threader (all on commission base except the eyebrow threader on hourly base).
The salon has built an impeccable reputation in the community with its great customer service, relaxing and friendly environment, several 5 stars rating on yelp, high-end brand of products, and over 5,000 customers' data, all this contribute to its success that will blow the competition away. Opens 6 days: Tuesday- Wednesday 10:00 AM - 6:00 PM, Thursday-Friday 10:00-8:00 Saturday 9:00 AM - 6:00 PM and Sunday 10:00 AM - 4:00 PM. Current owner bought this business a week ago and stays far from the salon. He is an IT per trade working for a company and managing both his IT job and the salon. Due to company recent change, he is now required to travel frequently to meet the clients. This makes it hard for him to run the salon. In the past the salon used to $71,000 net/ year with only 5 stylists. This business has an unlimited potential to grow.
There are still 13 more vacant hair stations that can be leased out at $250/week each or on a commission basis in addition to 2 more vacant nail stations .Aggressive marketing strategies and regular presence in the salon would attract more customers. Taking all this into consideration, a projected net income of $150,000 would be within reach. All equipment, furniture and fixtures are included in the sale price. Seller may carry $20,000 for 6 months at 5% interest rate.
To get more information about this Beauty Salon - Prime Location, Established business for sale in
Pasadena, Los Angeles County please phone Michael Raad (Broker - BRE License #:00984305) at 626-215-4563 Cell and 626-204-2319 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #265211 on BizBen.com. In addition to phoning
Michael Raad, make sure you email Michael Raad above to get more info about this
Beauty Salon - Prime Location, Established, to ask any questions or request an appointment to see this
business for sale. Thank you.