333 Old Newport BlvdNewport Beach, CA 92663

This thriving hair salon in Newport Beach, California presents a unique investment opportunity. Located at 333 Old Newport Blvd, 92663, this 1,065 square foot business boasts a stunning, modern design. Features include eight individual hair stations, two sink bowls, a dedicated manicurist station, and ample storage space within a well-appointed storage room complete with upper and lower cabinetry and a sink. The salon also includes two bathrooms – one for clients and one for employees. The sophisticated ambiance is enhanced by wood paneling, wood flooring, crystal chandeliers, and decorative mirrors. A comfortable waiting area with a couch and chairs provides a welcoming space for clients. The current lease expires May 1, 2025, with approximately 0.4 years remaining. The asking price is $160,000, representing a price per square foot of $150.23 and a remarkable 40.62% cap rate, generating a net operating income (NOI) of $65,000. Organic hair products and existing inventory are included in the sale. This turnkey operation is ready for a new owner to step in and continue its success. The property is situated in the desirable Orange County area, offering excellent visibility and access to a strong client base. This is an exceptional opportunity to acquire a profitable, established business with significant growth potential.