Listing ID: 80917
Business Overview
This spacious spa is centrally located near middle- and upper-class clientele. The facility has everything in place for someone to take over operations. A cosmetology license is not required to own this business. Staff has a good reputation. Most of the staff is booked up daily.
There are other competitors, but few that specialize in this treatment. There are numerous “nail salons” that provide one-off service, but none provide the brand and quality of this company.
This is a rapidly growing industry nationwide in the personal health and beauty segment. As indicated, the location, brand, quality and product offer further opportunity for growth. This is not to mention the additional space in the existing facility that is available.
Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.
From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
Financial
- Asking Price: $50,000
- Cash Flow: $10,343
- Gross Revenue: $1,113,022
- EBITDA: N/A
- FF&E: $41,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2016
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
Leased 5,000 Sq.Ft. - Base rent $6,200 CAM $1,800
30 days
Family
There are other competitors, but few that specialize in this treatment. There are numerous "nail salons" that provide one-off service, but none provide the brand and quality of this company.
This is a rapidly growing industry nationwide in the personal health and beauty segment. As indicated, the location, brand, quality and product offer further opportunity for growth. This is not to mention the additional space in the existing facility that is available.
Additional Info
The company was founded in 2016, making the business 6 years old.
The transaction does include inventory valued at $2,000, which is included in the asking price.
The company has 11 employees and is located in a building with estimated square footage of 5,000 sq ft.
The property is leased by the company for $6,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. However, the true reason and the one they tell you may be 2 totally different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other factors. This is why it is very crucial that you not rely absolutely on a vendor's word, yet instead, utilize the vendor's response combined with your total due diligence. This will repaint a more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover items like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that revenue margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new customers? Many times, operating businesses have repeat consumers, which develop the core of their daily profits. Particular factors such as new competition sprouting up around the area, road building and construction, as well as staff turn over can impact repeat clients as well as negatively affect future incomes. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the greater the chance to construct a returning consumer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Just how might the local typical family earnings effect future earnings potential?
