5871 Westminster BlvdWestminster, CA 92683

Property Details for 5871 Westminster Blvd

Lot size

0.43 AC

Property type

Showrooms

APN

203-292-36

APU

20329236

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,500,932

  6.5%

  $6,000,860

  7%

  $5,572,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,015,704

  Geo Method

  $9,114,797

• Alternative Use

  Use

  Valuation

  Residential

  $5,061,950

  Hospitality

  $4,636,719

  Educational

  $3,857,696

  Medical

  $3,990,368

  Retail

  $6,000,860

Location Insight

City

Westminster

County

Orange

State

California

Latitude

33.7593

Longitude

-118.026

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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