Listing ID: 72470
This well-established Nail Saloon is a full-service upscale nail salon providing manicures, pedicures, gel nail services, and luxury spa treatment. This unique nail salon has a high-end loyal clientele base. This nail salon uses the most advanced technology and high-quality products. Located in a prime Upper West Side neighborhood, steps away from subway stop, with nearby dining and shopping. The business operates in a 380 full sq ft. facility. This nail salon benefits from excellence in customer service. Seller will provide hands-on training to ensure a smooth transition.
This nail salon benefits from excellence in customer service. Seller will provide hands-on training to ensure a smooth transition.
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• Asking Price: $195,000
• FF&E: $125,000 (included in price)
• Annual Cash Flow: $155,000
• Gross Revenue: $385,000
• Inventory: $10,000 (not included in price)*
• Employees: 5 FT
• Monthly Rent: $3,800
• Security Deposit: $7,600
• Payroll: $8,000
• Down Payment: Negotiable
• Open: 5 Days a week
• Building Size: 380 Sq Ft.
• Established: 2018
Reason for Selling: Owner is seeking other opportunities.
- Asking Price: $195,000
- Cash Flow: $155,000
- Gross Revenue: $385,000
- EBITDA: N/A
- FF&E: $125,000
- Inventory: $10,000
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Owner will support and train.
Owner is seeking other opportunities.
There is plenty of growth and expansion.
The company was founded in 2018, making the business 4 years old.
The deal shall not include inventory valued at $10,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 completely different things. For instance, they may claim "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or a range of other reasons. This is why it is really crucial that you not depend completely on a seller's word, yet rather, make use of the vendor's response combined with your total due diligence. This will paint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money in order to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new consumers? Often times, businesses have repeat consumers, which create the core of their day-to-day earnings. Specific variables such as new competitors growing up around the location, roadway building, and also personnel turn over can influence repeat consumers and adversely influence future profits. One vital point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the higher the chance to develop a returning client base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the local mean family earnings influence future revenue prospects?