Business For Sale Listing 111317
West Los Angeles Hair Salon - Priced to Sell
Status as of Jan-5-2009 at 06:07 PM: Active
Business Summary
This salon has been serving Los Angeles’ Westside for over 20 years. Located on a major boulevard, this prime location is key to capturing clients from Westwood, Century City, and West Los Angeles. The salon has 8 chairs with 2 employees and 6 independent contractors working various hours. Two employees and two of the independent contractors are on a commission split with the owner, and the other four are on a booth rental system. The seller also works as a stylist and will be willing to stay with a new owner.
This salon is located in a 1,200 square foot facility with excellent street-front exposure. The monthly lease is $3,661 (CAM included) expiring in 2008, with an additional 5-year option to extend. The sale includes all the assets of the business except for personal art and décor. The assets include 8 hair stations, 8 hair drying stations, 4 shampoo stations, a washer and dryer, refrigerator, microwave, and the hot water heater.
Competition is considered high as other salons in the area exist.
Many opportunities for growth exist. Currently this owner is working as a stylist and oversees the business on a managerial basis. A new owner could increase marketing with direct mailers, local coupon books, local university publications, and community weeklies. A new owner may also seek to expand the retail solutions, or add complimentary service offerings.
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($108,000) |
| Profits: |
Under $100 Thousand ($38,422) |
| Profit Type: |
Earnings Before Interest & Taxes (EBIT) |
| Asking Price: |
Less than $100 Thousand ($55,000) |
