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Hair Studio Located In Encino

Seller: Attn: Alexander Neyman
Location: Encino
Listing Number: "558"

Asking Price: $85000.0000 USD USA Dollars
Industry: Services: Hair, Nails, Spas, Tanning
Reason for Selling: Family Issues
Year Established: 1996
Yearly Cash Flow: $80,000
Yearly EBITDA: $NA
Yearly Gross Income: $NA

Overview:

Location, Location, Location, Established In 1996, By The Current Owner/Operator, This Upscale, Profitable Hair Studio, Located Along Side Ventura Blvd In Encino Is Available For Sale Now. This 1100 Sf, Private, Boutique Like, Studio With Excellent Reputation And A Huge Free Parking In The Rear. Totally Refurbished In 2007 At The Tune Of 50K. It Consists Of 8 Spacious Stylist Stations With Dark Wood Cabinetry And Huge Mirrors, 2 Rooms For Wax & Facials, Changing Room, 2 Shampoo Stations And Dryers, Separate Room For Washer & Dryer And Tankless Gas. Currently 5 Out Of 8 Stations Are Being Rented Out To Stylists Who Have Been There For Years And Have Their Own Long Term Clientele, Which Brings In 3,400/Mo At This Point. The Owner Would Love To Stay On And Rent Out A Station Herself. Plus, There Are 3 More Stations Available For Flat Rent Or Commissions Which Will Bring In Even More Guaranteed Income. It Can Also Generate More Revenue By Providing Medi/Pedi Services And Marketing More Beauty Supply Products. The Owner Had Implemented Smart Marketing Strategy By Offering A Reward Program, As Well As Coupon Offering Through Ralph's Supermarkets In The Area. Even In Today's State Of Economy The Studio Is Staying Very Busy . The Owner/Operater Herself Generates Annual Gross Income Of 120K (10K/Mo) With The Net Annual Income Of About 80K (6500/Mo).

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