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Luxury Nail & Spa in Manhattan's Uptown. annual gross income $1.66M."

Manhattan County, NY
listing image
Asking Price:$990,000
Gross Revenue:$1,660,000
FF&E:$460,000
Cash Flow:$460,000
Rent:$19,600/Month
Established Year:1994
Listing ID: 2249991Listing provided by BizBuySell
BUSINESS DESCRIPTION

"Luxury Nail & Spa in Manhattan's upscale neighborhood

"Luxury Nail & Spa in Manhattan's upscale neighborhood with an annual income of $1.66M.
Property Details:
Square Footage: 1700 sq. ft. (ground floor) + 1200 sq. ft. (basement)
Equipment: 10 manicure tables, 14 pedicure chairs, 2 private rooms
Service Pricing: $66 for manicure and pedicure
Lease Details:
Lease Term: 10 years (one month free rent)
Rent: $19,600 per month
Financials:

Annual Income: $1.66M
Credit Card Revenue: $1.48M
Net Annual Profit: $460,000
Services Offered:
Manicure and pedicure
Color gel
Spa services
Operational Details:

Simple and straightforward operation
NO PICK UP"
Owner retiring"

DETAILED INFORMATION
Location
Manhattan County, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,700
Lease Expiration
01/12/2034
Employees
29
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facility requires renovation, which is why it is priced lower relative to its revenue, and further negotiation is possible."
Competition
In Manhattan's uptown area, upscale condos are densely packed with established commercial zones. Originally, due to high rental costs, there was little competition. However, lately, some competing businesses have started to emerge. Nonetheless, the store, established for 30 years, has a loyal customer base, resulting in relatively stable income.
Growth & Expansion
This is a well-established nail salon with a 30-year reputation in Manhattan. Renovating the facility could enhance growth potential and lead to stable income.
Financing
bank Financing Available
Support & Training
Training available for 1 week
Reason for Selling
Owner retiring
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