Prime Location Full Service Spa and Nails

Not Disclosed, TX
Collin County

North Dallas

Asking Price: Annual Revenue:
$130,000 $360,263

Services: Engineering, Architectural Services

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RE: Prime Location Full Service Spa and Nails Broker: Kevin Chung

Quick Facts

Asking Price: $130,000
Annual Revenue: $360,263
Net Profit: Not Disclosed
Cash Flow: $110,872
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 8
BBN Listing #: 958119188
Broker Reference #: 000814

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Business Overview:

Full service spa in a mixed-use development area located in the heart of its city's historic downtown is available for acquisition. There are many high end apartments and lofts surrounding the business as well as many retail shops and restaurants and this business is conveniently located on the first level on one of the bigger apartment units. There is constant foot traffic as the city holds many different events, which brings in many visitors from other parts of the town. This business was originally established in 2014, but acquired by the current owner in early 2018. When the owner acquired the business, they spent nearly $50,000 in renovating the interior and replaced fixtures and furniture to convert the business into more upscale and luxurious setting to accommodate the type of clientele, whom are mostly high income women. This business provides nail care, facial treatment, eye lash extension, and waxing with high quality and organic products and offer complimentary alcoholic beverages to their clients. The average monthly revenue has been consistent around $30,000/month. This salon is fully staffed and the owner spends approximately 30-35 hours on weekly basis, but main duties are customer service and keeping books and records up to date. The business has a professional website and modest presence in the social media outlet, but there are other ways to market the business by fully utilizing its location advantage to fully reach its financial potential. Since there are several residential units and hotels near the business, the owner could partner with all leasing offices and hotels to offer discounts to residents and guests. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

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Property Features and Assets:

This business is located conveniently located near a major highway in a 1,455 Square Feet mixed-used development area in the heart of the city's downtown that is surrounded by numerous retail stores, restaurants, and high end apartments and lofts. The interior was renovated and all pedicure massage chairs were replaced by the current owner. / Inventory: $15,000 (Included in listed price).

Market Competition and Expansion:

Competition: There is one on the other side of the highway, but this business draws much more foot traffic from its residents and visitors and is much more visible as it is located in the main street of the downtown. Growth and Expansion: As there are many apartment units, local businesses, and hotels in the immediate area, the owner can partner with the leasing office, business owners, and hotels to offer discounts to residents and guests.

Reason for Selling:

Relocate to other state.

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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