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Established Profitable Nail Salon With Competitive Advantage For Sale

San Marcos, California - South
Asking Price:
$140,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$201,600
Cash Flow:
$24,000

Founded in 2015 with an emphasis on high quality and customer service, able to charge a premium versus other salons in the area. All English-speaking staff popular with clientele. Launched with the goal of creating an identity and offer an alternative to "discount" salons, we have successfully built a strong following who have no alternatives in the price range for the quality they expect. Only comparable-quality salons are on the coast and charge much more.

Have built staff of 8 technicians slowly and deliberately. Many opportunities to hire lower-quality technicians but have resisted the urge. Result is 105 top Reviews averaging 4.46 stars. Very, very difficult to do in this industry (not counting 22 5-star reviews "not recommended"). Cash flow turned positive after 1 year of intentionally slow growth as we find quality technicians. Became "by appointment only" 3 months ago and have become very efficient.

Lease is for 940 sqft in a busy shopping center anchored by grocery store and gas station. Good location near high school, universities, and golf course population. Have 5 pedicure chairs in great shape, purchased new in July 2015 and 6 nail stations. Has a waxing room available, not in use with us. All new furniture, washer/dryer, reception desk, all supplies included in sale price.

More information available upon request, please contact seller below for further details.

Property information

Real Estate:

Lease

Lease Terms:

Lease is for 3 more years at current location

Leasehold Rent:

$40,000 per annum

Location:

Lease is for 940 sqft in a busy shopping center anchored by grocery store and gas station. Good location near high school, universities, and golf course population.

Premises Details:

Lease is for 940 sqft in a busy shopping center anchored by grocery store and gas station. Good location near high school, universities, and golf course population.

Size in square feet:
940

Business Operation

Expansion Potential:

We do not use the waxing / tanning room. Lease expires in 3 years, could move successful business with clients to larger, lower rent location. We chose this location to help build business and it helped.

Competition / Market:

Competitive environment consists of "low cost, low quality" shops with lower prices or "high end" salons that charge a lot more near the coast. Pricing is slightly higher than the low cost, low quality salons, about 10% higher and pricing is slightly lower than the high end salons, about 25% lower.

Reasons for selling:

Goal was to build business to profitability then seek buyer. Owner possesses startup skills and will wish to repeat the pattern with a different industry.

Trading hours:

Tuesday through Friday 10a - 7p
Saturday 9a - 6p
Sunday 10a - 6p

Employees:
9
Years established:
2015

Other Information

Furniture / Fixtures value:
$12,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price

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