Nail Salon in Prime Woodlands Location

Not Disclosed, TX
Montgomery County


Asking Price: Annual Revenue:
$60,000 $169,000

Services: Hair, Nails, Spas, Tanning


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RE: Nail Salon in Prime Woodlands Location Broker: Byron Zimmerman

Quick Facts

Asking Price: $60,000
Annual Revenue: $169,000
Net Profit: Not Disclosed
Cash Flow: $67,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 5
BBN Listing #: 391644107
Broker Reference #: 76931-818553

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Business Overview:

Salon has been in this location for 20 years. Salon owner has been there since 2014 and purchase the business for $79,000. but now wants to retire and is highly motivated to sell. The price is reduced from $75K to $60K and the owner will offer seller financing up to $20K to the right buyer. With seller discretionary earnings of $67K, the payback on this business is less than one year! Great opportunity for owner operated, or absentee owner. Currently running with 3 F/T employees and 1 P/T. The facility is beautifully decorated, has 8 brand new massage/nail chairs, plus attractive leasehold improvements and is in a highly desirable and a high traffic area close to the Woodlands Mall, The Pavilion, Market Street, Market Square, Hughes Landing and the Woodlands Resort with an established and loyal repeat customer base. The owner is looking to retire, but is willing to stay on for up to three months as an employee if the new owner wants and needs to get a license (easy - three month process). Excellent upside earnings potential with advertising to nearby hotels and resorts, establishing an internet presence, offering promotional incentives and automating current processes should be able to significantly increase revenues..

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Property Features and Assets:

Established twenty years ago. Recent owner purchased in 2014. Owner is willing to stay on and manage the facility for an agreed to period. Salon has nine nail manicure tables and eight brand-new full-service manicure, pedicure. facial and massage chairs. Currently operating at half capaci-ty with no real focus on promotion. Long-term presence delivers consistent re-peat, loyal customers. Great opportunity for owner-operated or absentee owned with current owner assistance.

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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