Business For Sale

Nail Salon and Spa for Sale in Chicago

Chicago, IL
Cook County

High Foot Traffic North Side of Chicago


Asking Price: Annual Revenue:
$50,000 $242,787

Services: Hair, Nails, Spas, Tanning


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RE: Nail Salon and Spa for Sale in Chicago Broker: Dennis Hansmann

Quick Facts

Asking Price: $50,000
Annual Revenue: $242,787
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 10
BBN Listing #: 494737950
Broker Reference #: Not Disclosed

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Business Overview:

This salon/spa business can very well be a million dollar business in terms of gross sales with an owner-operator or at least a semi-active owner. The salon has been in business for years and has weathered all kinds of conditions including long construction on all adjoining streets etc. This is all behind them now with lots of new infrastructure in place and business is increasing organically even with very uninvolved ownership.

Great location on a very-very heavily traveled street with a highly visible storefront next to a world-renowned retail giant. The gross sales have been well over $500,000 in years past and that was not even at the level that is definitely achievable in today's social media marketing environment.

This business is selling for less than it would likely cost to build-out a new space and it has tons of current customers with many thousands of residents the area.

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Property Features and Assets:

The facility is approximately 1,128 square feet and approximately 824 square feet of that is the main open retail manicure and pedicure area. The space has six manicure stations, five pedicure stations, one massage room, one esthetician room, and one office room. The facility also has a large open basement storage area of a similar size to the retail business space on the first floor.

Market Competition and Expansion:

Nail salons and spas exist in almost every neighborhood, but few neighborhoods can boost this level of disposable income as present in the particular area. The neighborhood lends itself to a very diverse and progressive audience making it a perfect place for an owner-operator to be creative and also maximize their ability to bring in the customers.

Reason for Selling:

Seller has unrelated career.

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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