Walnut Creek, CA 94596
    • $175,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: EB40842492
    UPDATED: 53 min ago
    $175,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,192
      SQFT
    • $21
      $/SQFT
    Type:
    Business Opportunity
    Built:
    1966
    County:

    School Ratings & Info

    Description

    This is a "one of a kind" skin and body studio business offering studio room rentals in downtown Walnut Creek, CA. The business is turn-key with upside. It generates $160,800 in annual revenue and nets $55,500 annual profit. For the past twenty-one years the business has grown from two studios to its present size of 14 studio rooms and 17 renters. Due to market demand, one of the larger studios can and should be subdivided, which should generate an additional $1,100.00 per month rent. Historically, occupancy has been from 85% to 100%. The lease was extended for 5 years in March 2018 with an option to extend for an additional 5-years. This is a passive investment requiring no on-site management or industry experience. This skin studio is highly reputable with Estheticians and clientele alike. Many of the Estheticians have been here 3 to 18 years. Its reputation, location and facility attract some the best Estheticians in the area.

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    © 2018 MLSListings Inc. Based on information from MLSListings MLS as of 2018-12-18T21:48:11.57. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Goss Real Estate Group, Keller Williams Bay Area Estates.

    Licensed in the State of California.
    www.thegossrealestategroup.com/homes/88477610

    Walnut Creek, CA 94596

    • Price: $175,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: EB40842492
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,192
    SQFT
    $21
    $/SQFT
    1966
    Built
    County:
    Contra Costa
    Property Description
    This is a "one of a kind" skin and body studio business offering studio room rentals in downtown Walnut Creek, CA. The business is turn-key with upside. It generates $160,800 in annual revenue and nets $55,500 annual profit. For the past twenty-one years the business has grown from two studios to its present size of 14 studio rooms and 17 renters. Due to market demand, one of the larger studios can and should be subdivided, which should generate an additional $1,100.00 per month rent. Historically, occupancy has been from 85% to 100%. The lease was extended for 5 years in March 2018 with an option to extend for an additional 5-years. This is a passive investment requiring no on-site management or industry experience. This skin studio is highly reputable with Estheticians and clientele alike. Many of the Estheticians have been here 3 to 18 years. Its reputation, location and facility attract some the best Estheticians in the area.
    Exterior Features

    Exterior Stucco Garage Parking No Parking Location Business DistrictMid Block Parking Spaces 0 Roof Other

    Interior Features

    Cooling Air Conditioning - Area Flooring Other Heating Forced Air

    Property Features

    Additional Listing Info Not Applicable Business Name Confidential City Name Walnut Creek Cross Street Main Facilities Outside Sign Utilities Electricity - On SiteGas - On SiteElectricity - 60 Amps Or Less Water Hot Water Zoning Dt

    © 2018 MLSListings Inc. All rights reserved. Listing provided courtesy of Kelly Klingler of Wells & Bennett Realtors.


    © 2018 MLSListings Inc. Based on information from MLSListings MLS as of 2018-12-18T21:48:11.57. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Goss Real Estate Group, Keller Williams Bay Area Estates.

    Licensed in the State of California.
     
    The Goss Real Estate Group, Keller Williams Bay Area Estates
    16185 Los Gatos Blvd, Ste 205
    Los Gatos CA, 95032