This is a “one of a kind” skin and body studio business offering studio room rentals in downtown Walnut Creek, CA. The business is turn-key with upside. It generates $160,800 in annual revenue and nets $55,500 annual profit. For the past twenty-one years the business has grown from two studios to its present size of 14 studio rooms and 17 renters. Due to market demand, one of the larger studios can and should be subdivided, which should generate an additional $1,100.00 per month rent. Historically, occupancy has been from 85% to 100%. The lease was extended for 5 years in March 2018 with an option to extend for an additional 5-years. This is a passive investment requiring no on-site management or industry experience. This skin studio is highly reputable with Estheticians and clientele alike. Many of the Estheticians have been here 3 to 18 years. Its reputation, location and facility attract some the best Estheticians in the area.
|Last Updated||10/21/2018||Year Built||1966|
|Community||Walnut Creek||County||Contra Costa|
|HEAT||Forced Air 1 Zone|
|LOT||5663 sq ft|
|UTILITIES||Electric,Gas,Hot Water,Separate Meter|
Contact us about this Property
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Peter
Maclennan to contact you even if your name is on a Federal or State
"Do not call List".
This IDX solution is (c) Diverse Solutions 2018.