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Turnkey Specialty Retail & Salon - Asking Wholesale Value of Retail

Chico, CA
Storefront
Storefront
Asking Price:$149,730
Inventory:$180,000
EBITDA:$370,000
Established Year:1992
Gross Revenue:$370,000
Rent:$3,000/Month
FF&E:$50,000
Listing ID: 2201620Listing provided by BizBuySell
BUSINESS DESCRIPTION

Established Cosmetology Store - High-Traffic, Low Competition, in Mall

PRICE DECREASE: Due to urgentcy, price decrease from 180K to 149K. This is $30K below inventory wholesale value. Retail value is $360,000 alone plus FF&E.

A great opportunity to own an established specialty retail business in the cosmetology industry, ideal for anyone passionate about salons, hairstyles, and hairdressing. Located in the only mall in Chico, CA, this business benefits from high foot traffic and is positioned in one of the mall’s prime locations.
Business Highlights:
• Established Since 1992: A solid, reputable business with a long-standing presence in the community.
• Turnkey Operation: Fully equipped with all necessary supplies, furniture, tools, software, laundry facilities, safe, security cameras, etc., allowing you to start operations from day one.
• Online Presence: Active on Facebook, Instagram, and its own website, with significant recent growth in online engagement and visibility.
• High Traffic Location: Situated in Chico Mall, the only mall in the city, ensuring maximum exposure and customer traffic.
• L4 Distributor Relationships: Grandfathered pricing from distributors, providing a competitive edge that other small salons can't match.
• Proven Sales Model: Retail operations already account for 90% of sales, providing a stable revenue stream with low competition.
• Experienced Staff: Managed by a loyal and knowledgeable manager with 20 years of experience, plus three skilled hairstylists, with the potential for more booth renters.
• Expansion Potential: Recently repaired and upgraded salon stations allow for more hairstylists, increasing clientele and revenue opportunities.
• Loyal Customer Base: Extensive loyalty program with over 20,000 members ensures a steady stream of repeat business.
• Inventory & Staff Expansion: Recent full restock of business inventory and addition of two more booth-renter hairstylists, expanding the service offerings and clientele base.
• Outstanding Reviews: Google reviews and online present have surged from 5 to 50 within the last two months, reflecting growing customer satisfaction and increased visibility.
Why This Business? This is a rare chance to acquire a profitable, well-established business in the cosmetology sector with a built-in customer base, comprehensive setup, and significant growth potential. Whether you are a seasoned professional or new to the industry, this business provides a seamless transition and a clear path to success.
Additional Details:
• Inventory Options: The sale price is based solely on wholesale price of retail inventory only, with flexibility for those interested in the retail salon without inventory.
• Negotiable Terms: The owner is willing to negotiate terms, including the sale of retail and equipment only, excluding inventory.
Don’t miss out on this unique opportunity to own a thriving specialty hair and salon retail business in Chico, CA. Contact the owner for more details and to schedule a viewing!

DETAILED INFORMATION
Location
Chico, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,100
Lease Expiration
30/09/2025
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Build-out was $100,000. Upscale Retail and Salon atmosphere. All custom glass fixtures with Copper tables. Copper, Bronze, Maize(lighter gold) with some darker green color palette (not your boring black and white generic salon). Beautiful decorative columns. 6 Belvedere cast iron salon sinks and Belvedere AH21AC Arch All Purpose Hydraulic Chairs. Security camera installed in store and mall security guard walking outside mall.
Competition
In the Chico Marketplace Mall, Cleo's Salon stands out with NO direct competition. Regis has closed, and Mastercuts has transitioned to a locally owned barbershop, leaving us as the only full-service salon in the mall. Our nearest retail competitor, Ulta, is over a mile away, and their presence has had minimal impact on our sales, having leveled out years ago. Our extremely active Customer Loyalty Program, with a database of about 20,000 names, ensures a steady stream of repeat customers, further solidifying our dominant position in the market.
Growth & Expansion
The salon section is poised for significant growth, recently adding two experienced booth renters who bring a loyal clientele and boost overall service capacity. We've enhanced our online presence with a new website that supports purchases and DoorDash delivery, making us more accessible and convenient than our competitors. Regular inventory updates are set to increase sales, and our visibility gives us a strong competitive edge. There’s also substantial potential for growth in expanding cosmetic product.
Support & Training
Owner provide 5 hours per week for first month, maximum 3 hours per week anytime after for up to 6 month. However, retaining our store manager whom has been working at Cleo's for over 20 years, like a gift from heaven, she can train you from A-Z like Point-of-Sale software, ordering, tell you when sales happen, supplier, appointment, & hiring additional employee, etc.
Reason for Selling
Owner cannot commit one location due to other businesses in other cities.
BUSINESS LOCATION
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Ha Nguyen
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Ha Nguyen
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