Family Run Nail Salon Priced to Sell!

Not Disclosed, TX
Hood County

Far Southwest Fort Worth

Asking Price: Annual Revenue:
$40,000 $160,000

Services: Engineering, Architectural Services

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RE: Family Run Nail Salon Priced to Sell! Broker: Stephen Lee

Quick Facts

Asking Price: $40,000
Annual Revenue: $160,000
Net Profit: Not Disclosed
Cash Flow: $45,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 4
BBN Listing #: 611319188
Broker Reference #: 000896

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Business Overview:

Family run nail salon with consistent sales and decade long establishment in Far Southwest Fort Worth is available for acquisition. This business was first established a decade ago in 2009 and was later acquired by the current owner of the business in 2016. Most of the customers are middle-class individuals and families that live in the densely populated residential neighborhoods within the city. Gross sales have been consistently $165,000/year for the last several years of operation without any marketing involved other than word of mouth. Although there's no marketing in place for the business, other proactive marketing methods within the immediate market area and local residential neighborhoods is needed to generate maximum income capacity. There are many ways to proactively market this business such as direct mailing, social media outlets, bundle specials, online booking, website, student discounts, weekly specials and renovation of the interior design. Creation of their own website will be a key factor to growing the sales further as this will allow for another stream of revenue while also allowing the locals know of their services and schedule appointment easier. Competition in the area is expected for this industry, but this business excels in providing services at an affordable price point for middle-class individuals in the area and the loyal customer base hasn't changed since the inception of this business. This family run nail salon is perfect for any Buyer that wishes to grow a small business into a large profitable nail salon through active involvement and marketing in the local area.

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Property Features and Assets:

This business is located in a 1,500 Square Feet space of a retail strip center placed next to a road that is connected to all businesses in the local area and residential neighborhoods. / Inventory: $10,000 (Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this business services the middle market that the other competitors don't truly focus on and the customer base has come to this business for years. / Growth and Expansion: There is no marketing done at the current time other than word of mouth. Proactive marketing in the local area is needed to further grow this business.

Reason for Selling:

Burnt Out/Other Opportunities.

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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