NOT DISCLOSED, Texas
| Asking Price |
$115,000 |
Year Established |
2017 |
|
| Annual Revenue |
$314,100 |
Reason for Selling |
personal |
|
| Annual P/L |
$0 |
Attention |
Tony Keane |
|
| Annual Cash Flow |
$60,500 |
Listing Number |
992561 |
|
| # of Employees |
7 |
Business Category |
Services: Hair, Nails, Spas, Tanning |
|
Business Overview:
Affordable upscale full-service salon nails and spa elegantly created. Customers are treated with the utmost respect and will receive nothing less than first-class service. Staff members do their best to ensure engagement with clients exceeds expectations. Business offers services including Cut & Style, Color Treatments, Nail, and Facial Treatments. 2024 Annual Revenues were $314K. 7 Hair Stations, 6 Pedicure Stations plus a private services room. Monthly rent is approximately $5,300 for 2,100 square feet. Beauty services are on the rise, take advantage of this opportunity. Approximately $22K (new price) in FF&E, over $80K in Leasehold Improvements, and approximately $1,500 in Supplies Inventory included in sale price.
The Seller provides oversight and is not one of the service providers. It is a great addition to an existing salon or stylist/technician operator.
Property Features and Assets:
<p>The founding owner opened this location in August 2017. Created a luxurious quality image for the salon with premium products and services. The location is easy to find and has great street front exposure. The location is in a growing area of Katy, TX with average clientele in the middle to upper middle household income. The current owner provides oversight only and is not one of the stylists or nail technicians.<br></p>
Market Competition and Expansion:
<p>Hair and Nail Salon's operate in a highly competitive consumer market. Differentiation by quality of service is critical.<br></p><p>External factors:<br>o Growing economy<br>o Population growth in the general area<br>o Positive Industry Trends<br>o Positive changes to the area surrounding the business<br>Internal factors:<br>o Hiring additional Stylists.<br>o Hiring other specialized service providers.<br>o Increase marketing in the local area.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity