Address Not Available By Request

    Walnut Creek, CA 94596
    • $175,000
    • STATUS: Active
    • ID#: 40848262
    Price Reduced
    UPDATED: 57 min ago
    $175,000
    • 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 that was newly renovated in 2016. The sellers invested approximately $225,000 in tenant improvements, furniture, fixtures and equipment. The space is impeccable and fully compliant. Sellers are motivated and recently reduced the asking price to $175,000. This is a CONFIDENTIAL OFFERING. Address and financial data will be provided upon completion of Confidentiality Agreement and Buyer Questionnaire. The Location: As evidence of the excellent location and demographics, this new business saw annual revenue of $250,000 by the 2nd year. Average HH income $160,000. Medium home value $768,000. In addition to the 8 years remaining on the lease, there are (2) options to extend of 5 years each. Rent is $5,500/month. 1,300 sqft salon.

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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 2019-01-22T22:37:40.247.
    www.eastbaypropertyfinder.com/homes/90092729

    Address Not Available By Request Walnut Creek, CA 94596

    • Price: $175,000
    • Status: Active
    • Updated: 57 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 that was newly renovated in 2016. The sellers invested approximately $225,000 in tenant improvements, furniture, fixtures and equipment. The space is impeccable and fully compliant. Sellers are motivated and recently reduced the asking price to $175,000. This is a CONFIDENTIAL OFFERING. Address and financial data will be provided upon completion of Confidentiality Agreement and Buyer Questionnaire. The Location: As evidence of the excellent location and demographics, this new business saw annual revenue of $250,000 by the 2nd year. Average HH income $160,000. Medium home value $768,000. In addition to the 8 years remaining on the lease, there are (2) options to extend of 5 years each. Rent is $5,500/month. 1,300 sqft salon.
    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 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 2019-01-22T22:37:40.247.
     
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