1234 Main

    Walnut Creek, CA 94596
    • $175,000
    • STATUS: Active
    • ID#: 40842492
    UPDATED: 26 min ago
    $175,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    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.

    Monthly Payment Calculator



    © 2019 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. Data last updated 2019-01-21T23:36:58.66.
    www.doyleresidential.com/homes/88477515

    1234 Main Walnut Creek, CA 94596

    • Price: $175,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: 40842492
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1966
    Built
    Neighborhood:
    Walnut Creek
    County:
    Contra Costa
    Area:
    Walnut Creek
    Property Description
    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.
    Exterior Features

    Exterior Stucco Garage Or Parking None Location Business DistrictMid-Block Parking Spaces Total 0 Roof Unknown Tot Bldg Sq Ft 8192

    Interior Features

    Bus Sq Ft Of Bldg 2445 Cooling Area Ac Floors Other Heating Forced Air 1 Zone

    Property Features

    Annual Act Gross Inc 160800 Annual Insurance Expense 372 Annual License Expense 0 Annual Misc Inc 0 Annual Taxes 0 Annual Utility Expense 7248 Board ID Oakland Business Name Confidential Business Type Esthetician Employees None Existing License And Permits Business License Facilities Outside Sign Financial Data Source Estimated Form Of Ownership Sole Proprietor Gross Oper Actual Inc 160800 Lease Type Lease EscalationOption To Renew Net Oper Income 160800 Other Annual Expense 97632 Sale Includes Fixtures And Equipment Special Information None Tenant Expense ElectricGas Terms Cash Total Annual Operating Expenses 105252 Utilities ElectricGasHot WaterSeparate Meter Year Business Started 1997 Zoning Dt

    Listing courtesy of Kelly Klingler of Wells & Bennett Realtors.


    © 2019 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. Data last updated 2019-01-21T23:36:58.66.
     
    J. Rockcliff Realtors
    4115 Blackhawk Plaza Circle, Ste 201
    Danville CA, 94506