Gross Revenue: $735,000
10 Year Nail Salon Beverly Hills
Near-Absentee Owner, SBA Loan Oossible
10 Year Beverly Hills Nail Salon .This is a prime opportunity for a near hands-off absentee owner scenario, virtually identical to your traditional high-yield investment but through ownership of a premium salon brand with returns of 21%. All English speaking staff. Ideal for Non-Asian or Asian Owner. Seller who has another job states they visit the shop about 2-3 times a week for an hour, mainly to show owner involvement to the employees. The owner has no actual involvement in the day-to-day business operations.
This flagship salon is located in the City of Beverly Hills and has been featured on numerous news and media outlets. This opportunity sits in a prime and highly visible location ranked one of the top nail salons in the city, having been endorsed by celebrities such as Leighton Meester and Tyrese and included among the 'Best of LA' in LA Magazine, 'The Best of CitySearch, ' KCAL9 'Lisa's It List, ' and on Daily Candy in addition to being featured in many top magazines such as In Style, Lucky, Allure, Genlux, and Nail Pro. This is a premium business for a sophisticated buyer who desires and appreciates high quality. The approximately 1,500 square feet salon has 12 Pedicure Stations that keep a staff of 12 Nail Technicians and 4 Part Time Receptionist Assistant Managers very busy. Historical sales have been consistent and stable. Has the latest Web Based Spa Management System facilitates online appointment booking, detailed financial controls and remote monitoring. Rent is $6,100 per month. A condition of the sale is Seller will assist Buyer to obtain 10 Year Lease Term. To compare “Apples-to-Apples” advertised Discretionary income is based upon working owner because nearly all comparable Nail Salons have working owner. Near-Absentee owner would make about $178,000 Discretionary Income. This is a premium business for a buyer who desires and recognizes quality. n SBA acquisition loan with 25% down payment is possible to a qualified buyer. Assuming a Down Payment of $163,000 (25%) and Loan Balance of $487,000 with 10 year Amortization and 6.00% APR Interest the annual payments would be $65,000 leaving Cash to Buyer After Debt Service an excellent $134,000 (Cash Flow of $198,000 - $65,000 Debt Service). Annual Cash on Cash Return would be an excellent 82%. An All Cash Buyer can enjoy a strong 21% Return on Investment with relatively minimal risk and minimal business involvement. Call or write today for this very rare gem. It will likely be sold quickly.
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