Hair Studio Located In Encino For Sale

Business description

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).

Property information

Size in square feet:

1,100

Other information

Support & training:

2 weeks at 20h/week

Reasons for selling:

Family Issues

Trading hours:

7 days 8am-8pm

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$3,500 (included in the asking price)