Nail & Hair Salon At Very Busy Walmart Center

Asking Price:$185,000
Cash Flow:$113,000
Gross Revenue:$564,306
Business Description
Nails, Hair salon, very busy Walmart center, San Diego area, profitable

Building SF: Approximately 1100+ Sqft. Rent is $7031 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 to a 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:
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
Furniture, Fixtures, & 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