Successful and modern Nail salon in an active area of Hudson County New Jersey and minutes from the New Jersey Lincoln Tunnel. This Nail salon offers quality professional services, with previous gross yearly sales of $212.610 plus discretionary income and a net yearly income of $120,120. The operation has six sections for nail services, four pedicure sections and one hair chair. They are a full-service nail spa that caters to each client's unique style and personality and hold themselves to the highest standard and want only the best results for their patrons. Located in Northern New Jersey, Hudson County and offers a multitude of services to their customer base. They are committed to excellence and the highest degree of customer satisfaction and provide stress reduction and renewed vitality. They offer an integrated personalized spa indulgence for each of their patrons. This service includes facials, waxing/hair removal, body spa treatments, and more. They offer the best products, and their results will be nothing less than stellar. They are not your typical salon and offer quality and professionally services. Their highly trained staff offers the best quality services, the highest quality products and follow strict sanitary procedures in a beautiful, and relaxing spa atmosphere. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
- Asking Price:
- $149,900 Furniture / Fixtures included
- Sales Revenue:
- $212,610
- Cash Flow:
- $100,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms, this business transaction represents an assignable commercial lease which expires 2025-01-01, plus additional options available, with a monthly rent of $3,900, cost per square foot is estimated at $33.42 and rent security of approximately $12,500.
- Leasehold Rent:
-
$46,800 per annum
- Lease Rent:
- $33 per sq ft per annum
- Location:
-
This business opportunity is in Northern New Jersey, Hudson County, which consists of numerous highly populated communities and tens of thousands of shoppers with continued demand for this particular personal service.
- Premises Details:
-
This Nail salon facility consist of approximately 1,400 square feet with a modern and attractive design. The business is located on a highly active commercial avenue with hundreds of other local retail businesses.
- Size in square feet:
- 1,400
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the business opportunity can be further expanded by the new operator by developing a web site and a marketing plan for local advertising.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, we are not aware of any other new competitors near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner relocating to Florida
- Trading hours:
-
Days Hours of operation, this successful Nail salon business is active six days per week, with hours from 9:00 am to 6:00 & 8:00 pm.
- Employees:
- Regarding employees and payroll, this Nail salon company consist of seven full & part time employees who are unaware of the pending sale. The payroll is based on a commission agreement, 50/50 compensation. The employees and staff are unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $10,150.
- Years established:
- 2010
Other Information
- Support & training:
-
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Also, seller / bank financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $65,000 - included in the asking price
- Inventory / Stock value:
- $3,000
