Listing ID: 80308
LOCATION! LOCATION! LOCATION! A prime affluent East Cobb location. A Posh and Upscale Nail Salon & Spa located in Cobb County for sale. It is well established & has been in the same location for 21 YEARS with many upgrades. Currently there are 7-spa chairs and 5 manicure tables with room for expansion. . This business is located in a center with a major grocery store, a brand name Massage franchise, a major bank, lots of service businesses including an upscale hair salon. 5 Nail Technicians are in place. Add a web site & social media advertise a little & double the sales. Lots of Potential for growth. Lots of you have been calling me for a nail salon location in East Cobb, Roswell, Alpharetta, etc. Well, there you have it. But if you sit on the fence & not take action & respond on a timely manner, you will lose it to someone else. This business for sale is Recession proof & AMAZON PROOF. Just complete the attached buyer forms & emails it to firstname.lastname@example.org & I will get you whatever you need to move forward & own your own PROFITABLE business.129,000
- Asking Price: $119,000
- Cash Flow: $70,000
- Gross Revenue: $245,000
- EBITDA: N/A
- FF&E: $40,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Currently there are 7-spa chairs and plumbing for an additional chair and 5 manicure tables with room for expansion.
Seller will provide 2 weeks of training, 25 hours each week at no additional cost.
Moving, Husband has a corporate job offer to relocate.
Can easily add another spa chair without any plumbing or construction or remodeling cost.
The business was established in 1998, making the business 24 years old.
The company has 7 employees and is situated in a building with approx. square footage of 1,000 sq ft.
The real estate is leased by the business for $3,100 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. Nonetheless, the real reason vs the one they say to you might be 2 absolutely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current reduction in profits, or an array of other reasons. This is why it is very crucial that you not count absolutely on a seller's word, however rather, use the seller's solution along with your overall due diligence. This will repaint a more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new clients? Often times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Certain factors such as new competition growing up around the area, roadway construction, and also employee turn over can influence repeat consumers and also negatively influence future incomes. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the opportunity to develop a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood median household income impact future earnings potential?