Description

This Santa Monica hair salon boasts a coveted prime location in a popular shopping area near Santa Monica’s famed boardwalk and beach. The salon has 5 rental stations, staffed with a combination of full and part-time hair technicians.

This hair salon leases for $6,000 plus $400 in common area maintenance (CAM) expenses per month on a lease until January 2018. The landlord, however, is likely to offer a qualified buyer a new 5 year lease with one five year option. All of the business's furniture, fixtures and equipment will be included in the sale.

Competition exists, however, customer traffic in this prime area tends to be location based – with this salon boasting one of the best locations in the area. It has excellent street visibility, nearby parking and convenient walk access, which provide it a distinct competitive advantage.

This salon could tremendously benefit from an onsite working owner who is also a hair technician or complementary service provider. New management may seek to expand the retail selection, and evaluate the launch of additional beauty care relates services.

Posted Oct 19, 2016

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