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2115 W. Magnolia Blvd., Magnolia Park (Burbank, California, US - 91506) Built

$1,449,000 USD
Great Investment !!!

City Center Realty Group

Ludwig Parsamian, Ph.D., Broker, Team Leader, CRS Ludwig Parsamian, Ph.D., Broker, Team Leader, CRS 8182815889 (Office) 8182815889 (Office) 818-281-5889 (Cell) Request More Info

  • Money Making business with Property!
  • Type: Commercial
  • Style: Commercial
  • Size: 3,650 sq. ft.
  • Development Level: Built
  • Lot Type: Rectangular
  • Lot Size: 5450 sq. ft.

Description

Famous SPA Business together with property for sale, located at 2115 W. Magnolia Blvd., Burbank, CA 91506.

This famous SPA business in Burbank, 27 years exactly in business with this owner and 10+ years with previous owner (total 37+ years), with 25,000 + clients database.

Price $1,449 MM for two lots and building ( 3,650 SF building total and 5,450 SF lot total).
Price $590K for business, with an average net of $250K.
Total asking price is $2,039,000.00

The business is working as an oiled machine. 27 years in business with approx. 25,000 clients database. Buyer can be as a passive investor/owner as well. The system is working on its own. On site manager in place for many years.

Approx. $180-200 K equipment, machines and inventory is included.

Gross Income : Average is $950,000.00.
Nett: Average is $250,000.00

Before recession it was doing an average $1,250,000.00 gross. Now is gaining back to high numbers again.

This deal is for serious buyers only.
P2#173381372
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Information is deemed to be correct but not guaranteed.