VERY Established Salon looking for New Life

This classic gem of a Salon that has been ONLY exchanged hands once is now finally on the market. The current owner of more than 20+ yrs is ready to retire. The salon has been at the same location for over 50 years. The Salon is ready for a younger ambitious owner to take it to a WHOLE new level. The prices for services have not been increased and the salon still generates over $42K in Gross Revenue Annually with the active owner operating it full time. The salon operates 7 days a week less Easter Sunday, Memorial Day, 4th of July, Labor Day, Thanksgiving, Christmas, and New Years. There is space for 6 stations, 4 hair drying stations, and there are 2 shampoo stations. The salon is located within an outdoor shopping center and there is shared parking available. The salon is on a long term lease with the current property management. Salon equipment, less owner's own personal equipment and items, and permanent fixtures on hand are included in the sale of the salon. There are books available, however, an NDA must be signed prior to viewing and for address. Drive by only, do not stop inside. Do not impede on current operations. Private viewings can be arranged at a later date. Contact owner's daughter for additional information. Location: Los Angeles County, California Year Established: 1972 Number of Employees: 1 Real Estate: Leased Building Sq. Ft.: 825 Rent: $2,008.50 Per Month Lease Expiration: 9/1/2022 Facilities: Mirrors, seated hair dryers, two shampoo stations, three barber chairs, three cosmetology chairs, television, cash register, refrigerator, water heater, display cases, 15 client chairs, cabinets inside backroom, and coffee maker. Market Outlook/ Competition: The salon is located across from a laundromat, a small market, a small restaurant, and an exercise club. There is another salon however, they specialized in ethnic hair. Growth & Expansion: The prices for services have not been increased in 20 years and there is so much room for growth. The salon has been continuously and routinely maintained, is on a cleaning schedule, and has been a staple of the community. The salon has its own bathroom and backroom. The outdoor shopping center and there is shared parking available. The salon is in need of a decorative update. The salon does not have any dedicated parking spots.