Nail & Beauty Salon
Monmouth County, NJ
| Asking Price: | $1,429,000 |
| Gross Revenue: | $1,253,196 |
| FF&E: | $49,260 |
| Cash Flow: | $552,650 |
| Inventory: | $20,000 |
| Established Year: | 2003 |
Listing ID: 2284529Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well established, highly profitable and thriving nail & beauty salon located on major highway in upscale strip center. Extensive client database from over 20 years in business with many repeat customers due to the experience, breath of services offered, and knowledgeable team.
Friendly staff, many with 25 years experience, in a modern and welcoming nail and spa environment.
Talented nail artists create trendy masterpieces, as well as professional eyebrow and eyelash services along with full makeup applications.
Finally, Detox, Recharge, and Refresh with spa manicures and pedicures in addition to traditional services.
DETAILED INFORMATION
Location
Monmouth County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,205
Employees
21
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
In this 2,200 sf location with ample parking, extensively renovated less than 5 years ago, there are in addition to a back Kitchen for office staff, 2 rest rooms and storage facilities:
20 nail stations
12 Pedicure stations
3 Eyelash rooms
Competition
Several smaller competitors in the area but none as large or with level of service as this business.
Growth & Expansion
The nail industry has experienced tremendous growth in recent years, and the nail care market is expected to grow rapidly during the coming seven year period. Women are increasingly spending on self-care products to maintain their health and wellness, which has led to a rise in nail care product adoption.
The nail salon business is expected to grow at a compound annual growth rate (CAGR) of 8% from 2023 to 2030.
Financing
Lender pre-screened with $142,900 down.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Owner has other interests and is moving out of state.
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