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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High Volume Luxury Nail Salon with Huge Cash Flow
(Hair & Beauty)
Tarrant, Texas
Listed Price: $ 499,000
Listing ID: 000893

Listing DetailsDown Payment: $ 250,000
Gross Revenue: $ 775,376
Cash Flow: $ 203,122
FFE: $ 380,000 (Included in Price)
Inventory: $ 15,000 (Included in Price)
Reason for Sale:

Looking for 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:

Luxurious high-end nail salon placed in an area with an overflowing population of individuals with large amounts of disposable income is now available for acquisition. This business was built-out and fully established in late 2017 by the current owner of the business. The business location is in a 1,405 SF end-cap space of a upscale retail strip center located next to one of the busiest roads within the city that has heavy traffic throughout all hours of the day as well as numerous businesses that attract a number of people to the local area. Few competitors were found in the immediate market area, but the business is optimally placed in the retail strip that provides great visibility and ease-of-access from the busy street. This nail salon has been very successful due to lack of quality from the competition, but also their variety of high quality service such as nail care, facial treatment, manicure, pedicure, scents, waxing, massage etc. Interior of the facility is gorgeously built to give a luxurious atmosphere while also providing high-quality services that match the business concept. Most of the customers are high-income women that live in the surrounding upscale residential neighborhoods and work in the numerous high-end retail businesses placed near the business. Gross sales have been $15-20K per week that has been consistent since its inception even though there was a construction nearby the business on the road which will be completed soon. Although some marketing is in place, other proactive marketing methods such as direct mailing, flyer, coupon, additional seats, website, online booking, social media outlets, etc. needs to be utilized to achieve maximum income capacity as well as growing the customer base with individuals outside the immediate market area. The construction of the road in front of business will be complete this year which can give better access to the customers. This business has great potential as the city where the business is located has much more diverse demographics that have a large amount of disposable income which can generate more revenues combined with proactive marketing. This is a great opportunity to acquire high volume luxurious upscale nail salon for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.


Competition:

Few competitors are within the immediate market area, but this business makes high revenue due to the lack of quality from the competition and the interior build-out is gorgeously built in a modern fashion that catches the customers' eyes.


Potential Growth:

Construction of road in front of business will be complete this year.
Additional services, local advertising, more seats, online booking, website, social media outlet etc.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3160
Facilities:

This business is located in a 3,160 SF space of gorgeously built retail strip center with a modern design. The interior has a well-built bar in the center of the facility and many chairs that fills the whole facility from left to right.


OperationYear Established: 2017
Employees: 15FT
Absentee Owner: No