Hair Salon with no compete clause in lease in upscale shopping center
Location: California > Orange County > Anaheim Hills
Industry: Hair and Beauty > Beauty Salons and Barber Shops
Financials
Asking Price: $70,000
Gross Revenue: $121,000
Cash Flow: $45,000
Cash Flow Comments: this would be counting sellers new chair rent
Inventory: $2,000 (Not Included in Asking Price)
FF&E: $15,000 (Included in Asking Price)
Seller Financing: no
Business Summary
Hair Salon, opened 16 years ago current owner took over 12 years ago and now wants to rent back a chair and let new owner manage this successfull shop.
upscale shopping center with Mervyns and Pavilions as main anchor.
high traffic-lots of walkins, landlord has a no compete in the lease.
8 chairs-3 shampoo bowles- 3 dryers.
upscale shopping center with Mervyns and Pavilions as main anchor.
high traffic-lots of walkins, landlord has a no compete in the lease.
8 chairs-3 shampoo bowles- 3 dryers.
About the Business
Year Established: 1988
Employees: 4 full time - 3 part time
Facilities: upscale shopping center with non compete in the lease. 900 sq. ft. 3 yrs. left on current lease total rent $3,800
Market Outlook and Competition: only two salons in large shopping center. One is a very upscale/expensive salon spa and the other is our hair salon. Landlord will not let another salon in the center. Our salon gets a lot of walk-ins. and does not compete with the spa.
About the Sale
Management Training and Support: yes, seller will stay on and pay rent
Reason For Selling: seller will retire in 5 years and wants to start slowing down and not manage.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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