Listing ID: 81067

Business Overview

A Proven Recession Proof Business! SELLER FINANCING AVAILABLE – this is a very well known and one of the largest nail and lash salons in Las Vegas. Seller is ready to retire and move out of state and is offering 50% down and 50% seller financing for a qualified and serious buyer. 30 nail station, 10 lash stations with facial, waxing, etc. available as well. Support and Training will be outstanding ensuring a smooth transition. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away or for a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at trent@fcbb.com.

Financial

  • Asking Price: $699,000
  • Cash Flow: $398,782
  • Gross Revenue: $1,926,943
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $4,000
  • Inventory Included: Yes
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,500
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 4,500 square feet with a total monthly rent of $8,847. Lease has one 5-year option. Seller is active with 2 FT, 5 PT employees and 17 contract staff. Hours of operation are 9AM-9PM Mon-Sat & 10AM-7PM Sun. $4,000 in inventory and $100,000 in FF&E included in the asking price. $250,000 made in leasehold improvements. Salon/Cosmetology license required.

Is Support & Training Included:

14 Days

Purpose For Selling:

Seller moving out of state

Additional Info

The business was founded in 2008, making the business 14 years old.
The sale shall include inventory valued at $4,000, which is included in the listing price.

The business has 2 FT, 5 PT, 2 IC employees and is located in a building with estimated square footage of 4,500 sq ft.
The real estate is leased by the company for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. However, the real reason and the one they say to you might be 2 absolutely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or an array of other reasons. This is why it is really essential that you not rely absolutely on a seller's word, yet instead, utilize the vendor's solution together with your overall due diligence. This will paint a more practical image of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be satisfied or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract brand-new customers? Many times, companies have repeat clients, which develop the core of their everyday profits. Specific variables such as brand-new competitors sprouting up around the location, road construction, as well as staff turnover can affect repeat clients as well as negatively affect future incomes. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the better the chance to build a returning consumer base. A last idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local median family earnings effect future income prospects?