Nail salon for sale in the hub of Dallas Semi-Absentee 001247
Price: $89,000
Location: Dallas County, Texas
Industry: Beauty & Personal Care/Nail Salons
Listing ID: 001247
Nail salon for sale in the hub of Dallas Semi-Absentee. A complete professional, luxurious nail care business located in the hub of the busiest intersections in the Dallas Metroplex is available for acquisition. This business was acquired by the current owner of the business in 2022 and has been revamped into a completely new luxurious modern salon. The current owner works part-time, averaging 15 to 20 hours a week, mainly focused on inventory and bookkeeping, with the wife working as a full-time nail technician. The business currently has eight nail technicians who work full-time, with one helping as a receptionist on a full-time basis. Competition is expected for this type of business industry, but all competitors nearby lack the modernization, fantastic service, and quality of products this salon has. The customer base consists of a diverse mix of mid to upper-income individuals from the surrounding densely populated residential neighborhoods. This salon is surrounded by many prominent national retailers that draw in an immense amount of foot traffic that cater to similar demographics to the salon. Net sales have been averaging $37,000 – 38,000/month after remodeling and continuing to grow as word spreads. There are many new ways to market this business proactively, such as direct mailing, weekly specials, first-time customer promotion, business website, social media outlets, coupons, signage, package deals, and additional employees for an increased workload. Hiring new employees with new skill sets will help this business expand on the services provided and utilize all the stations during peak work hours. Many services are provided at this nail salon that can range from manicures, pedicures, waxing, facial treatment, eyelash extensions, and nail enhancements. This business has everything in place for a potential buyer to generate more cash flow with proactive marketing and full-time involvement in the day-to-day operations.
Down Payment: $89,000
Total Sales: $413,660
Cash Flow: $40,933
Inventory: $8,000 (Included in the listed price)
FFE: $35,000 (Included in the listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Burned Out
Training & Support:
The business owner will provide the necessary training needed to transition smoothly into the business operation.
Year Established: 2015
Employees: 8FT
Absentee Owner: No
Square Footage: 1,496 SF
Facilities Information:
Location, Location, Location! This business is located in one of the busiest intersections in the Dallas Metroplex, surrounded by many prominent national retailers, in a 1,496 SF retail strip center surrounded by densely populated residential neighborhoods and numerous retail businesses that attract huge amounts of traffic. The current owner has added much new equipment such as a POS, Refrigerator, Washer, Dryer, etc.
Competition:
There are competitors in the nearby area, but this business is very modernized and competes with quality service.
Potential Growth:
There is plenty of room for growth for this salon. The business is open six days a week but could be expanded to 7. There are some marketing efforts by the current owners, but given the location, more proactive could be utilized to attract new customers, such as coupon receipts, mailers, etc.
Financing/Terms:
100% down at the time of closing
