Commercial Real Estate for Sale in Magnolia Park, Burbank, California $1,449,000
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 MM 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.
Brokered And Advertised By: City Center Realty Group
Listing Agent: Ludwig Parsamian, Ph.D., Broker, Team Leader, CRS