Contact: Linnea Westlake CBI At 925-209-4592 Cell - Also Email This Contact Below
Asking Price: $99,000 Down Payment: $70,000
Annual SDC: Call / Email
Annual Gross: Call / Email
Business Address: None Given City: Carlsbad Zip: None Given
Attributes: Broker-Broker Coop, Financial Assistance, Training & Support, Owner Financing, Asset Sale
Hair Salon. Terrific Retail Location. Modern Chic Decor. Reasonable Rent. Asset Sale.
Salon is in a terrific location to capitalize on the residential growth in town as well as the return of tourism. It boasts a modern and chic decor that is very clean, comfortable and open with plenty of space between stations.
The salon industry has historically been stable and recession proof. All salon owners struggled in 2020/2021 due to the government mandated shutdowns and related limited availability of labor to fill vacancies. With the end of the federal government enhanced unemployment compensation, many categories of employees will be going back to work in 2022.
This salon needs an owner operator who is interested in re-building the business and staffing the salon to fill capacity- ideally 7 days per week 9am 7pm to maximize revenue and earnings potential. Currently it serves clients seeking hair maintenance and pampering: wash, cut, color, blowout, style and/or extension requests. There are two part time booth renters (1099) in addition to the owner and they are operating by appointment only between 10:30am and 6:30pm. There is a scheduling/client notification and POS system in place.
1 large room for reception and 7 stylist stations. Back area has 2 shampoo bowls, restroom, and color bar. There is also an alcove for kitchenette and laundry.
There is plenty of opportunity to cross-sell and diversify by adding an esthetician and other related service providers. Hosting theme events like wedding prep, mother/daughter outings or birthday parties could help fill available capacity. In addition, there may be an opportunity to add minimally invasive medical spa treatments with the right staff. Marketing should be focused on driving referrals to booth renters or employees depending upon the employment model elected. The buyer should also get the word out to local hotels and vacation rental property management to capture the tourist population interested in salon experiences.
The seller is distracted with other responsibilities and has done little since COVID to recruit and develop stylists or cosmeticians nor is she actively doing any local advertising or marketing beyond Instagram and free yelp. She owns a home in Arizona and travels between residences.
Though this is an Asset Sale and the seller IS motivated, it is not a fire sale. Current revenue is comfortably covering expenses. Business will transfer free of any debt or other encumbrance. Some seller financing may be offered with majority down payment assuming no other financing and good credit.
838 square foot salon within 8543 square foot building. Rent: $3,037.12 (adjusts 4/1/23t). Current term expires 3/31/ 2024 plus (1) 5 year option. Seller estimated value of FFE (Furniture, Fixtures and Equipment): $120,000. Asking: $99,000.
To get more information about this Hair Salon - Modern Decor, Terrific Location business for sale in
North County Coastal San Diego please phone Linnea Westlake CBI (Intermediary, Broker - BRE License #:02028068) at 925-209-4592 Cell - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #270119 on BizBen.com. In addition to phoning
Linnea Westlake CBI, make sure you email Linnea Westlake CBI above to get more info about this
Hair Salon - Modern Decor, Terrific Location, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 01100886. Transworld Business Brokers.