Nail Salon & Facial Spa - Busy Area
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $198681
Net Profit / Cash Flow $35635
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 6 - 9
Inventory 85000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train
Reason for Sale Owner got nursing degree and wants to pursue that career
Description This popular nail salon and facial spa is located on one of the busiest streets on the west side of town. Owner (who is in salon only 20hrs/wk) has finished her nursing degree, wants to pursue that career and is motivated to sell quickly. 6 technicians (2 of which do both facials and nails) are paid at 60% commission and most have been employed 3-4+ years. About 65% of business is referral and repeat clients and about 35% is walk-in. Lease has an exclusive on all personal services in center, so no competition can come in.
The services they provide include, mani/pedis, facials, microdermabrasion, hair waxing/threading, solar nails, and permanent makeup tattoos. Facials account for about 30% of revenues, mani/pedi's are about 50-60% and acrylic nails are about 10%. Owner currently does makeup tattoos, but has contractors that can also provide this service for a new buyer.
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