High End Nail Salon/Waxing Services

Listing Number: 93211-53128

Description

Business Description: The business is an upscale Nail Salon (manicures/ pedicures), with additional services of a Waxing room. It is located in an upscale and high traffic main street in the San Fernando Valley. It is an independent single point store. There are 10 upscale Sedona pedicure chairs - featuring heated and massaging foot spa, and a full sized manicure table. There are also 4 gel tables, 1 private room with esthetician (offering waxing, facial, makeup, and lash services), front desk, waiting area, polish/sterilizer areas, 2 nail/spa product displays, coffee station, washer/dryer, abundant storage areas, and excellent ventilation system. Loyal talented long time staff. Salon open since 2008, with current owner since Aug 2013. The stated financials assume an owner-operator.

Markets: At this well located Nail Salon, the business model is providing upscale nail services (mani/pedi), and esthetician offering waxing, facial, makeup, and lash services to its upscale clientele. A trained staff, almost perfect 4.5/5 stars based on Yelp reviews, and an attention to cleanliness and sanitation, result in a high percentage of repeat business.

Strengths:

• 10 Upscale Sedona pedicure chairs, with full sized manicure table Nail stations.
• 4 gel tables- with room to expand for new owner, if needed.
• Database of over 400+ clients.

Company Facilities and Operating Hours: The nail salon store’s convenient operating hours of Tues-Sat 9:30am-7pm, Sun 10-5pm, Closed Mon. The Salon store leases approx. 1983 square feet of retail space "on the Boulevard" in upscale part of the San Fernando Valley, California. The current lease term expires in August 2019. The current lease includes insurance, utilities (except electricity), and taxes.

The Transaction: The reason for sale is to spend more time with family. The owner will train for 2 weeks to train new owner, and can possibly stay on after sale. The asking price is $99,000. Seller financing may be available for a qualified buyer.

Financial Summary:

2015, 2014, 2013 (Aug-Dec)
GROSS INCOME $323,550, $ 298,888, $123,592

Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by Broker or Agent as to the accuracy of information. Broker or Agent has made no independent verification of the data contained herein. Buyer is advised to perform its own due diligence and seek the advice of professionals prior to purchasing the Business.

Direct all inquiries to:
Brett Schwartz
13428 Maxella Ave #140
Marina del Rey, CA 90292
Tel: 310-819-1670 - Fax: 866-225-7878
Email: bschwartz@tworld.com

Listing Details

  • Price: $99,000
  • Down Payment: $50,000
  • Sellers Discretionary Earnings: $-1,670
  • Total Sales: $298,888
  • Location: Los Angeles, California

  • Inventory: $6,000
  • FF&E: $40,000
  • Employees: 7
  • Year Established: 2008
  • Reason for Selling: family
  • Category: Beauty/Personal Care