Established Nail & Hair salon at very busy Walmart shopping center

San Diego, CA
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Asking Price:$165,000
Gross Revenue:$500,000
FF&E:$100,000
Cash Flow:$115,000
Inventory:$10,000
Established Year:2013
BUSINESS DESCRIPTION

Busy Nail & Hair Salon at high traffic Walmart, Vons center for sale, San Diego

Building SF: Approximately 1100+ sqft. Rent is $7100 per month, including CAM (Base rent is only $5300). The next 3 years have 0% annual increase, after which the annual increase is only 2% per year.

Lease: 4 years and 6 months remaining with a 5-year option. This salon is situated in one of the busiest Walmart Shopping centers in San Diego, next-door to brand name major supermarket. The owner has been operating in this location for a decade and is now ready to retire.

Employees: 6 full-time and 1 part-time employee. This includes 2 Hair Stylists, one of whom is the owner and will stay with the new owner on a part-time basis, as well as 5 Nail Technicians.

The salon is equipped with 8 spa chairs, 8 nail tables, 2 Hair stations, 2 facial and waxing rooms, and a back door. If desired, the new owner can modify the setup to accommodate 9-10 spa chairs by removing 2 hair stations.

Support & Training: Yes, 2 weeks of support and training will be provided.

Reason for Selling: Retirement. The owner intends to work part-time, only 2-3 days a week, instead of 7 days.

BUYER REQUIREMENTS:
Perfect opportunity for a Nail Technician to open their own shop. It is not suitable for an absentee/investment opportunity. Investors, please don't contact.
According to the landlord's requirements, please only contact us if you have experience working in the nail or hair salon industry and hold a valid technician or stylist license or have owned a salon before. The buyer should have a good credit history and possess sufficient assets to meet the lease approval criteria.


DETAILED INFORMATION
Location
San Diego, CA
Inventory
Included in asking price
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A GREAT LOCATION THAT ANY NAIL SALON OWNER IS LOOKING FOR
Growth & Expansion
New high end condos are coming soon.
Financing
Cash Offer only
Support & Training
Yes
Reason for Selling
retirement
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Sean
Linch or Jennifer Nguyen
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Sean Linch or Jennifer Nguyen