Business For Sale

Great Price for Midtown Manhattan Nail Salon

New York, NY
New York County


Asking Price: Annual Revenue:
$200,000 $300,000

Services: Hair, Nails, Spas, Tanning


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RE: Great Price for Midtown Manhattan Nail Salon Broker: Bob Dunphy

Quick Facts

Asking Price: $200,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 5
BBN Listing #: 150335879
Broker Reference #: 6842-85696

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Business Overview:

In a neighborhood overflowing with nail salons, this one is a standout and takes advantage of its five-star location in the heart of midtown Manhattan surrounded by office towers, hotels, shopping, residential buildings and a high traffic commuter hub. The salon is almost 1,000 square feet of ground floor space featuring eight manicure station, five pedicure chairs, a shampoo station, chair massage and more. There are two years left on the 5-year lease with rent at $11,000/month.

Hours: Monday-Saturday 10am-8pm. Closed Sunday.

Strengths: Strong local brand name and reputation. Great midtown location with reasonable rent for the neighborhood. High repeat business from loyal customer base. Includes FF&E & leasehold improvements.

Opportunities: More aggressive local marketing. Business development efforts with local hotels. Add new services and Sunday hours.

Lease: 1,000 square feet on the ground floor. Rent is $11,000/month. Two years remain on the 5-year lease; landlord open to extension or new lease.

The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to retire. Owner will train for two weeks at no charge. This business is offered at $200,000.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retiring

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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