Category:
10067 - Beauty Salons and Spas
Location:
Northern California - South Bay
Business Description:
A copy of a proposed lease will be provided to buyers this will be a lease proposal from the landlord with proposed terms and conditions. The final terms and conditions will need to be negotiated as the original lease will be cancelled and cannot be assumed. This is a men's barber shop that has been in operation here since November 2004 and was originally started by the seller who has retired and moved to Texas. The shop is being run by one of his long term employees. Important to note that all employees are paid with a 70/30 revenue split on an annual Fed Form 1099.
Inventory (included):
$500
YTD Ended
7/31/2019
$90,903
(Sales)
$25,985
(Adjusted Cash Flow)
12 Months Ended
12/31/2018
$219,576
(Sales)
$15,785
(Adjusted Cash Flow)
12 Months Ended
12/31/2017
$159,444
(Sales)
$17,659
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 0 | 0 |
| Owners | 0 | 0 |
Hours of Operation
Mon - Sat 9:00 AM - 5:30 PM
Licenses Required:
Monthly Rent Including NNN:
$3,191
Expires:
9/25/24
Option:
For 5 years
Size(sq.ft.):
736
Type of Organization:
Sole Prop
Reason for Sale:
Retirement has Moved to Texas
Training:
0 weeks 0 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.