Listing Number: 76931-206198
Founded in February 2021, the company operates in the space where another salon once stood. The seller established her own business in April 2021. She signed a lease and moved the business into its existing strip center in August 2021. With six months of abated rent, the seller was able to invest in additional equipment and improvements that might not have otherwise been purchased.
Sales are highest from Thursday to Saturday with a large revenue spike in and around the holidays. The seller’s main goal is to offer customers welcoming services, affordable rates and a fantastic environment in which to unwind. The business carries a wide range in all things beauty—including facial & body waxing, lash extensions, nail services (Mani/Pedi, Gel-X, Nail Enhancement, etc.) in addition to skin care procedures (microdermabrasion, dermaplaning, chemical peel, etc.).
Since the owner did not have to pay rent for the first six months, she used those funds in different areas to grow and bring recognition to the salon. These purchases that were made in 2022 will not be reoccurring expenses. Also of note is that employees were switched to 1099 and therefore there are no more employer taxes.
Below is a list of purchases that should help increase revenues throughout 2023:
1. $2000 on advertising (I set aside $200/month for marketing so usually $2,400/year instead of $4,200)
2. $4,912 on meals and grand opening events
3. $4,000 on office supplies (purchased hot stamping machine)
4. $6,212 on supplies (nail printing machine ($650) and iGel salon kit which has every color
of gel, liqueur, dip, and acrylic that is estimated to last 2-3 years from today’s date, so it
is not an annual expense)
5. $9,000 Legal and professional services ($750/monthly for accountant to keep track of
every expense, run payroll, make sure all quarterly filings are filed on time).
- Price: $ 125,000
- Down Payment: $125,000
- Sellers Discretionary Earnings: $ 43,165
- Total Sales: $ 245,300
- Location: Withdrawn, Texas
- Inventory: $ 4,000
- FF&E: $ 100,000
- Employees: 5
- Year Established: 2021
- Reason for Selling: Focus on other business interests
- Category: Beauty/Personal Care