This West Hollywood Nail Salon is one of the well-recognized names in nails. The well-established salon has a full-time working owner. As a result, it is ideal for aggressive operators who wish to work full-time in order to minimize expenses and operate the venue full-time. The business also lends itself to an owner who 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 several pedicure chairs with wash basins (no plumbing), manicure stations, wax, esthetician rooms, and more.
- Asking Price:
- $200,000 Inventory / Stock included
- Sales Revenue:
- $300,000
- Cash Flow:
- $66,000
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
This 750 square foot facility leases for $5,550 per month plus an additional $ 300 in common area maintenance expense (CAM) on a lease until 12/31/27 with one 5 year options. The salon’s furniture, fixtures, equipment, and goodwill are included.
Business Operation
- Expansion Potential:
-
The salon could benefit from a full-time working owner 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.
- Competition / Market:
-
West Hollywood 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.
- Reasons for selling:
-
Personal
- Trading hours:
-
Monday – Sunday
9:00 am – 10:00 pm
- Employees:
- 9
- Years established:
- 2019
Other Information
- Support & training:
-
Seller will train for 4 weeks at 20 hours per week.
- Financing available:
-
Not offered but options may be considered.
- Furniture / Fixtures value:
- $45,000
- Inventory / Stock value:
- $5,000 - included in the asking price
