Business Overview

Luxury nail salon with professional lash services placed in a fast growing city in Northeast Dallas is available for acquisition. This business was established almost a decade ago in 2010 and was later acquired by the current owner in 2017. Most of the customers are middle to upper-class individuals that live in the surrounding densely populated area and the constant traffic from major highway placed next to this business. This business is easily visible from the street and has ample parking space to accommodate for large groups. Gross sales was $320,000/year that has shown a trend of consistency for the last several years of operation due to their large dedicated customer base and the luxurious interior build-out that attracts individuals to keep coming again. Although there is no marketing done at the current time other than word of mouth, other proactive marketing methods within the immediate market area is crucial for the further growth of this business as well as growing the customer base outside of the immediate market area. Competition can be expected for businesses within this industry, but this business differentiates itself from the competition by providing professional lash services that others don’t have and the interior build-out that welcomes all individuals. There are many ways to proactively market this business such as direct mailing, social media outlets, student discounts, loyalty program, online booking services, extending operation hours and increasing workforce. Combining both online booking services and increasing the workforce will provide a healthy boost in sales by reaching out to individuals that has yet to realize this business is in the local area as the city is fast-growing. This premium nail and lash salon is in the perfect condition for a potential buyer to proactively market the business while being fully involved in the day-to-day business operation.

Listing ID #000892
For more info, please call Stephen Lee at 1-866-519-2421.

Financial

  • Asking Price: $60,000
  • Cash Flow: $60,000
  • Gross Revenue: $320,000
  • EBITDA: N/A
  • FF&E: $40,000
  • Inventory: $3,500
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business is located in a 1,968 SF space of a premium retail strip center surrounded by high-end businesses and next to a major highway road with ease-of-access.

Is Support & Training Included:

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

Purpose For Selling:

Health issues

Pros and Cons:

Competition is expected for this type of business industry, but this business differentiates itself from the competition by their professional lash related services and the beautiful modern interior design.

Opportunities and Growth:

There is no marketing done at the current time. Proactive marketing in the local area and through online resources is crucial to the further growth of this business.

Additional Info

The company was established in 2010, making the business 12 years old.
The sale shall include inventory valued at $3,500, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell operating businesses. However, the real factor and the one they tell you may be 2 absolutely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is very essential that you not depend absolutely on a vendor's word, yet instead, use the seller's response together with your general due diligence. This will repaint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can indicate that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new customers? Often times, businesses have repeat clients, which create the core of their day-to-day earnings. Specific elements such as new competition growing up around the area, road building, and employee turn over can influence repeat clients and adversely impact future profits. One essential thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the greater the opportunity to construct a returning consumer base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the regional typical house earnings effect future earnings prospects?