Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Established Prime Location Nail Salon
(Hair & Beauty)
Denton, Texas
Listed Price: $ 119,000
Listing ID: 000825

Listing DetailsDown Payment: $ 60,000
Gross Revenue: $ 256,000
Cash Flow: $ 60,000
FFE: (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Pursue different career and other opportunity.


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location nail salon placed nearby University in Northwest of Dallas is now available for acquisition. This business was originally established in 2009 by the previous owner and acquired by the current owner in 2017. Quite a few competitors are found in the immediate market area, but the business is optimally placed next to one of the busiest roads in a city and easy to access than other competitors, and is anchored by nationwide supermarket and many other national retail stores. This business provides variety of high quality service such as nail care, facial treatment, eye lash extension, manicure, pedicure, scents, waxing and kids service etc. with organic products which gain lot of trust and satisfactory (positive) responses from many customers of the business. Most of the customers are various ethnic groups with wide range of age between 18 and 65 coming from nearby densely populated residential neighborhoods while the business mainly targets 18 to 35 year college students coming from University just 4 miles away from the business. Gross sales average for the business has been in the range of $250K to 260K per year due to its prime location and pro-active online marketing and the sales are continuously growing. Online marketing is being pro-actively done by current owner such as booking system thru website, email marketing, and social media outlets like Facebook and Instagram etc. Some offline marketing is in place such as student discount, but various offline marketing method such as direct mailing, flyers, weekly specials and coupons etc. needs to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. This nail shop is located in the most optimal area of a city for a potential buyer to come in and pro-actively market this business to generate the most potential revenue.


Competition:

Few competitors are within the immediate market area, but this business is located in prime location with great visibility and can easily allow access to the store for customers compared to other competitors.


Potential Growth:

Online marketing is being pro-actively done and more of offline marketing such as coupons, promotions, flyers and direct-mailing etc. needs to be utilized to achieve maximum income potential.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.


LocationSquare Footage: 1200
Facilities:

This business in a 1,200 SF space of retail strip center is located in the hub of a city which is known for prime spot for various businesses and surrounded by numerous retail businesses that bring immense traffic throughout the day to the intersection of this nail shop.


OperationYear Established: 2009
Employees: 8FT/3PT
Absentee Owner: No