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This Nail Salon is one of the biggest names in nails. The well-established salon has a full-time general manager that allows it be nearly fully absentee operated. As a result it is ideal for the owner-operator that would like to develop passive income, or for the aggressive operators that that wishes to replace management, minimize expenses and operate the venue full-time. The business also lends itself to an owner that is also a service provider, such as an esthetician, nail technician, masseuse, stylist, etc. who wishes to work out of their own location. The salon boasts a number of pedicure chairs with wash basins (no plumbing), manicure stations, wax and esthetician rooms and more.
Financials shown indicate 2019 data; the salon has remained closed during COVID19.
This 2,520 square foot facility leases for $9,200 per month plus an additional $ 300 in common area maintenance expense (CAM) on a lease until 12/31/23 with one 5 year options. The salon’s furniture, fixtures, equipment and goodwill are included.
The salon could benefit from a full-time working owner that replaces the general manager to ensure top quality sales and customer service. Alternatively, the addition of complementary services such as facials, body wraps, massage, etc. could not only bolster but also diversity the revenue base. New operations may also wish to offer a retail selection of related beauty care products.
This highly popular area is a particularly competitive market for nail salons, however this venue has established itself as a location to aspire to become as its proven itself year in and out. Their attractive price points, convenient access, onsite parking, spacious feel and comprehensive service offering provided them a sustainable competitive advantage over incumbent locations, while creating a formidable barrier to entry for potential new competition.
Seller will train for 2 weeks at 20 hours per week or as negotiated.
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