Address Not Available By Request

    Walnut Creek, CA 94596
    • $250,000
    • STATUS: Active
    • ID#: 40848262
    UPDATED: 55 min ago
    $250,000
    • 0
      BEDS
    • 11.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1995
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    © 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 2019-01-16T17:37:43.697.
    www.doyleresidential.com/homes/90092729

    Address Not Available By Request Walnut Creek, CA 94596

    • Price: $250,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 40848262
    0
    Beds
    0
    Baths
    0
    ½ Baths
    11.4
    Acres
    1995
    Built
    Neighborhood:
    Walnut Creek
    County:
    Contra Costa
    Area:
    Walnut Creek
    Property Description
    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.
    Exterior Features

    Exterior Stucco Garage Or Parking Area Location CornerShopping CenterStrip Retail Parking Spaces Total 494 Roof Rolled CompositionTile Tot Bldg Sq Ft 101000

    Interior Features

    Bus Sq Ft Of Bldg 1300 Cooling Central 2 Zone A/C Floors Concrete SlabOther Heating Forced Air 1 Zone

    Property Features

    Annual Act Gross Inc 250000 Annual Insurance Expense 952 Annual License Expense 275 Annual Misc Inc 0 Annual Taxes 580 Annual Utility Expense 3800 Board ID Oakland Business Name Confidential Business Type Personal Services Employees 6 To 10Manager Run Existing License And Permits Business LicenseUse Permit Facilities Display WindowFire SprinklersOutside SignRestroomsSecurity SystemsWheelchair Access Financial Data Source Provided By Owner Form Of Ownership Corporation Gross Oper Actual Inc 0 Lease Type AssignableLease EscalationOption To Renew Net Oper Income 250000 Other Annual Expense 300000 Sale Includes Alarm SystemFixtures And EquipmentFranchiseInventoryLease ImprovementTelephone System Special Information None Tenant Expense Fire InsuranceGasGlass InsuranceHVAC MaintenanceInterior MaintenanceJanitorialLiability InsuranceTaxes Terms Cash Total Annual Operating Expenses 305607 Utilities 220 VoltElectricGasHot WaterPublic SewerPublic WaterSeparate MeterCommunications Wiring Year Business Started 2016 Zoning Nsc

    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 2019-01-16T17:37:43.697.
     
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