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University Neighboring Nail Salon For Sale

East Fort Worth, Tarrant County, Texas, US
Asking Price:
$43,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$138,864
Cash Flow:
$23,895

Well established nail salon placed in the hub of large residential apartments and university campus in East Fort Worth is available for acquisition. This business was established in 2011 and was later acquired by the current owner in 2016 several years ago. Most of the customers are students that live nearby the university campus and young women that are from the densely populated residential neighborhoods. Gross sales average was $135,000/year that has been consistent over the last several years with minimal owner involvement and marketing. Although some marketing was done previously years ago, other proactive marketing needs to be fully utilized to maximize income potential and acquire new customers from the surrounding area. Competition is expected for this business industry, but this business provides competitive price points and quality service that has been the same since the inception of the business. There are many ways to proactively market this type of business such as direct mailing, student discounts, specials, website creation, online booking service, social media outlets and full-time owner involvement. The current owner of the business works minimally in the business operation and can drastically increase the cash flow if a new owner comes as a nail tech working as a manager. New POS system will also increase the flow of customers and management of busy times of each season. This business has everything in place for a potential buyer to proactively market the business while being fully involved in the day-to-day business operation.

Property Information

Real Estate:

Lease

Location:

This business is located in a retail strip center next to a major intersection nearby a university and has well maintained equipment within their facility.

Size in square feet:
N/A

Business Operation

Expansion Potential:

Some marketing was done several years ago, but this business needs to proactively market the business to fully maximize the business potential.

Competition / Market:

Few competitors are within the immediate market area, but this business provides a competitive price point and has been established in the area for a long time with a solid customer base.

Reasons for selling:

Other Opportunities/Can't fully be involved

Employees:
2FT/2PT
Years established:
2011

Other Information

Support & training:

The owner of the business will provide sufficient amount of training to smoothly transition into the business operation.

Financing available:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.

Furniture / Fixtures value:
$25,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price

Contact V-AID Group

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