5871 Westminster Blvd Westminster, CA 92683-3580
This exceptional opportunity presents the acquisition of a well-established hair and nail salon in Westminster, California. Located in a prime shopping center at 5871 Westminster Blvd, 92683, this 1,200 square foot business boasts a stellar reputation, evidenced by numerous 5-star reviews on Yelp and Google. Operating successfully for over two decades, the salon benefits from a loyal customer base and consistent revenue streams. The asking price is $75,000, representing a price per square foot of $62.50. The sale includes all equipment and fixtures, encompassing multiple hair and nail stations, pedicure spa chairs, a washer and dryer, a wall-mounted TV, and additional space for waxing, facials, and other beauty services. A new 5-year lease commencing July 1, 2023, under a NNN lease structure, provides long-term financial stability. The salon's strategic location, immediately off the 405 freeway at the Westminster Boulevard access point, ensures high visibility and accessibility within a densely populated residential area and thriving commercial corridor. This turnkey operation is ideal for an experienced salon owner seeking an established business or a new operator looking to enter the market. The business is situated in the Hanson Center.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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