Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Three Decade Established Nail Salon with Loyal Customer Base
(Hair & Beauty)
Tarrant, Texas
Listed Price: $ 69,000
Listing ID: 000866

Listing DetailsDown Payment: $ 35,000
Gross Revenue: $ 160,000
Cash Flow: $ 35,000
FFE: $ 50,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Burnt out / Other opportunities


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:

30-Year well established nail salon placed in the hub of large residential community is available for acquisition. This business was established almost 3 decades ago in 1990 and later acquired by the current owner in 2018. This business is located in a retail strip center next to a major road nearby a university and a regional mall that attract a number of people to the area. Most of the customers are women with wide range of age between 20 and 60 coming from nearby densely populated residential neighborhoods and University just 2 miles away from the business. Competition can be expected within the immediate market area, but the business has built up a solid customer base for nearly 30 years by providing high quality services and an affordable price point. Gross sales average for the business has been consistent over the last several years in the range of $15,000/month without any marketing except thru word of mouth. Pro-active marketing is crucial to the further growth of this business as there are many untapped areas that has yet to be fully utilized to generate more cash flow. There are many ways to proactively market this business such as direct mailing, social media outlets, loyalty program, student discounts, senior discounts and online reservations service by creation of a business website. Additionally, hiring more nail technicians coupled with pro-active marketing can be good way to provide wide range of services to all customers that consistently visit throughout the day to retain all possible sources of profit. Many of the services provided at this shop such as mani, pedi, eye brow and back waxing etc. with superior quality. This is a great chance to acquire nearly 30 years of well-established nail salon that already has a strong customer base in prime location and a potential buyer should be able to realize the growth by getting more involved in the day-to-day business operation and conducting pro-active marketing.


Competition:

Few competitors are within the immediate market area, but this business provides a competitive price point and has been established in the area for a long time with a loyal customer base.


Potential Growth:

There is no marketing done at the current time.


Financing/Terms:

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


LocationSquare Footage: 1120
Facilities:

This business is located in a 1,120 SF space of a retail strip center next to a major road nearby a university and a regional mall that attract a number of people to the area.


OperationYear Established: 1990
Employees: 3FT
Absentee Owner: No