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Established Profitable Hair Salon in Tustin

Established Profitable Hair Salon in Tustin

Beautiful Hair Salon in the Tustin/Irvine area of Orange County. The Salon has 10 hair Stylist that Share the 10 Stations. One station is for the Seller and he double books daily. There is room for 7 more Stylists to work in the stations. They each work about 3 1/2 days on average. The Salon is open 7 days a week and 8 of the 10 are Independent Contractors paying a weekly Rental on their stations. The Location has two restrooms and a break-room with 20 lockers for the staff. The Seller has a Manager who can handle the Salon and staff for all issues.... Two additional people are training to come on board as Stylists. Two of the Staff are on a 60/40 Commission split with the Salon and the remaining 8 Lease their Station time. The yearly Income via stations is approximately $113,750 per year. The Seller is including $20,000 worth of Inventory in the Purchase of the business. These figures are without an Owner/Operator bringing in their Clientele. The current Seller is bringing in income of $244,000 annually which would allow the Buyer the opportunity to keep accounts through transfer of services. Again the Seller is moving out of State.