Rare opportunity to own a business in the beauty industry. Entrepreneurs or business owners have the option to continue with the current franchise or implement their own business model in a turn-key space with Stylists and Management Team in place. Excellent time to enter this established business. Year two saw annual revenue of $250,000. Being established and knowing what works can result in a substantial increase in net operating income. For this franchise, year 3 typically sees a huge boost in client traffic. Due to strong demographics in the area and great reputation of the business with nearly 100 Yelp reviews, the new owner will no start up time. The sellers invested approximately $225,000 in tenant improvements, furniture, fixtures and equipment. The space is impeccable and fully compliant. In addition to the 8 years remaining on the lease, there are (2) options to extend of 5 years each. The rental expense is approximately $5,500 per month.
|Last Updated||12/21/2018||Year Built||1995|
|Community||Walnut Creek||County||Contra Costa|
|AIR||Central 2 Zone A/C|
|HEAT||Forced Air 1 Zone|
|INTERIOR||Display Window, Fire Sprinklers, Outside Sign, Restrooms, Security Systems, Wheelchair Access|
|UTILITIES||220 Volt,Electric,Gas,Hot Water,Public Sewer,Public Water,Separate Meter,Communications Wiring|
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