Nail Salon Anchored by Nationwide Supermarket

Not Disclosed, TX
Collin County

North Dallas

Asking Price: Annual Revenue:
$70,000 $537,645

Services: Engineering, Architectural Services

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RE: Nail Salon Anchored by Nationwide Supermarket Broker: Kevin Chung

Quick Facts

Asking Price: $70,000
Annual Revenue: $537,645
Net Profit: Not Disclosed
Cash Flow: $111,899
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 6
BBN Listing #: 615919188
Broker Reference #: 000777

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Business Overview:

Prime location nail salon placed in the epicenter of a fast growing city in North Dallas is available for acquisition. This business was originally established in 2013 by the previous owner and acquired by the current owner in 2017. Quite a few competitors are found in the immediate market area, but the business is optimally placed next to one of the busiest roads in the city and easy to access than other competitors and is anchored by nationwide supermarket and other retail stores. Most of the customers are upper-class Caucasian women from the surrounding densely populated residential neighborhoods as well as foot traffic that come to the local area for the mall which is few miles away from where the business is located. Gross sales average was $485,000/year that has been consistent since the inception of the business due to the amazing location and promotional coupons that is done on a regular basis. Proactive marketing and owner's pro-active involvement are crucial to the further growth of this business as utilization of local marketing tactics will bring new set of customers and grow the overall sales of the business. There are many ways to proactively market this business such as direct mailing, social media outlets, business website, flyers, weekly specials, coupons and hiring full-time manager while the owner of the business can fully focus on marketing the business or other potential income sources. Additionally, hiring more nail technicians can be good way to provide wide range of services to all customers that consistently visit throughout the day to retain all possible sources of profit. Due to the large percentage of customers being walk-in, providing a method of booking through their website will allow for busy individuals especially students to plan services needed on a weekly basis. Many of the services provided at this shop such as mani, pedi, eye brow and back waxing etc. with high quality. This nail shop is located in the most optimal area for a potential buyer to come in and proactively market this business to generate the most potential revenue.

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Property Features and Assets:

This business is located in a 2,200 Square Feet retail strip center that is anchored by a high-end nationwide grocery and retail chain in an area of heavy traffic and walking pedestrians. All equipment is in impeccable condition and in working order. / Inventory: $15,000 (Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this business is located in prime location with great visibility and can easily allow access to the store for customers compared to other competitors. Growth and Expansion: Some marketing such as Facebook, coupons, promotions in place that has grown the business, but other proactive marketing methods need to be utilized to achieve maximum income potential.

Reason for Selling:

Burnt Out.

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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