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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Family Run Nail Salon Priced to Sell!
(Hair & Beauty)
Tarrant, Texas
Listed Price: $ 40,000
Listing ID: 000900

Listing DetailsDown Payment: $ 20,000
Gross Revenue: $ 160,000
Cash Flow: $ 45,000
FFE: $ 50,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Reason for Sale:

Burnt Out/Other Opportunities


Training & Support:

The owner of the business will provide substantial training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Family run nail salon with consistent sales and decade long establishment is available for acquisition. This business was first established a decade ago in 2009 and was later acquired by the current owner of the business in 2016. Most of the customers are middle-class individuals and families that live in the densely populated residential neighborhoods within the city. Gross sales have been consistently $165,000/year for the last several years of operation without any marketing involved other than word of mouth. Although there's no marketing in place for the business, other proactive marketing methods within the immediate market area and local residential neighborhoods is needed to generate maximum income capacity. There are many ways to proactively market this business such as direct mailing, social media outlets, bundle specials, online booking, website, student discounts, weekly specials and renovation of the interior design. Creation of their own website will be a key factor to growing the sales further as this will allow for another stream of revenue while also allowing the locals know of their services and schedule appointment easier. Competition in the area is expected for this industry, but this business excels in providing services at an affordable price point for middle-class individuals in the area and the loyal customer base hasn't changed since the inception of this business. This family run nail salon is perfect for any Buyer that wishes to grow a small business into a large profitable nail salon through active involvement and marketing in the local area.


Competition:

Few competitors are within the immediate market area, but this business services the middle market that the other competitors don't truly focus on and the customer base has come to this business for years.


Potential Growth:

There is no marketing done at the current time other than word of mouth. Proactive marketing in the local area is needed to further grow this business.


Financing/Terms:

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


LocationSquare Footage: 1500
Facilities:

This business is located in a 1,500 SF space of a retail strip center placed next to a road that is connected to all businesses in the local area and residential neighborhoods.


OperationYear Established: 2009
Employees: 4FT
Absentee Owner: No