Listing ID: 71265
Established Nail Salon with day spa potential near the Beach at a Great-Price !!!!
Established nail salon available right away. The owner has been here for more than 12 years. Great established clientele . The owner has relocated and drives an hour every day. This would be an excellent opportunity for a new salon owner to take over.
The Salon has lots of room to grow, There are 8 pedicure chairs with massage, 5 nail stations. The location has washer dryer included.There is a waxing room and another room for body wraps.Buy this salon now for less than one years earnings now so you can own it before the busy season.
This business has been around for many years and is the go to place for locals and tourists.
This established location does not have competition because of the well established history.
- Asking Price: $190,000
- Cash Flow: $105,000
- Gross Revenue: $210,000
- EBITDA: N/A
- FF&E: $45,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The company was established in 2012, making the business 10 years old.
The sale will include inventory valued at $2,000, which is included in the asking price.
The company has 5 employees and resides in a building with disclosed square footage of 1,500 sq ft.
The real estate is leased by the company for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell operating businesses. Nevertheless, the true reason vs the one they tell you might be 2 entirely different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of various other reasons. This is why it is very vital that you not depend totally on a vendor's word, but rather, utilize the seller's solution along with your overall due diligence. This will repaint a much more reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that profit margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new consumers? Many times, businesses have repeat customers, which develop the core of their day-to-day earnings. Certain aspects such as new competition growing up around the location, roadway construction, as well as employee turnover can influence repeat customers and also negatively influence future revenues. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning client base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the regional average family earnings effect future earnings prospects?