Business Overview:
This West Hollywood Nail Salon is one of the biggest names in nails. The salon is entirely absentee. As such, it’s ideal for the owner operator who seeks to further increase profitability, the nail technician, esthetician, hair stylist or massage therapist that seeks to work out of their own location with its own ability to generate incredible income, or the entrepreneur who seeks to remain absentee but wants a supplemental income stream. The salon boasts a number of pedicure chairs with washbasins (but not plumbing attached), manicure stations, a waxing / esthetician room and more!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This 2,520 square foot facility leases for $6,000 per month plus an additional $1,000 in common area maintenance expense (CAM) on a lease until August 2013 with options to be determined. All of the salon’s furniture, fixtures and equipment are fully owned and will transfer in the sale.
Market Competition and Expansion:
West Hollywood is a competitive market for nail salons, as it has a highly image conscience demographic. That said, this salon’s low price points, convenient access, onsite parking, overall size and comprehensive service offering provided it a sustainable competitive advantage over incumbent locations, while creating a formidable barrier to entry for would be industry entrants. The salon could benefit from a full-time working owner replacing the general manager to ensure top quality sales and customer service, or alternately, the addition of complementary services such as facials, body wraps, massage, etc. New owners may also seek to sell retail nail or other beauty care products, as none are being offered. If the current owner was active, they would implement a blow-out / blow dry bar as the facility’s size could easily accommodate a sizeable operation with little disruption. As nail service and blow-outs are viewed as highly complementary activities, significant economies of scale would be achieved in receptionists, marketing, facility rent, etc
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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