Listing Number: 76931-304837
This salon was opened in 2015 by the seller at the same current location. The owner manages the business and has a steady and loyal customer base achieved through quality service and incentive promotions. The salon is in a commercial strip center, so the accessibility and visibility of the salon are fantastic. When purchasing this business, the buyer would be investing in location and significant growth potential. The 2023 sales are projected to top $500,000, with an SDE coming in at over $200,000. In 2022, total revenue was $450,000 with an SDE of $177,000 (not including cash sales).
In addition to nails, this salon has a broad clientele coming for other services like facials, eyelashes, waxing, permanent makeup, and buying products. The owner works in the business and manages the contractor professionals. She now wants to sell the business and retire and could work with a new owner to facilitate the transition.
The location has 16 money-producing stations, not all of them working now. Filling the remaining spot would greatly increase revenue and profit. Owner has designed a commission strategy that boosts productivity and employee satisfaction. All employees want to stay after sell of the business.
- Price: $ 350,000
- Down Payment: $300,000
- Sellers Discretionary Earnings: $ 180,000
- Total Sales: $ 450,000
- Location: Fort Bend County, Texas
- Inventory: $ 50,000
- FF&E: $ 120,000
- Employees: 11
- Year Established: 2015
- Reason for Selling: Retirement
- Category: Beauty/Personal Care