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Established Salon/NO competition for miles! 100% ROI guaranteed!!

Donelson, TN (Davidson County)

Seller Financing Available
Established Salon/NO competition for miles! 100% ROI guaranteed!!
Contact Seller

Asking Price: $69,000

Cash Flow: $76,000

Gross Revenue: $117,000

EBITDA: N/A

FF&E: $45,000

Inventory: $2,000

Rent: $4,900 /Month

Established: 2016

Established Salon/NO competition for miles! 100% ROI guaranteed!!

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Business Description

100% Guaranteed ROI: Owner will continue working for new owner under contract @ 50/50% share until set number is reached. Add rental income (long term renters) to the mix +25% (they are paying well below market average).

Key Features of this business:
* Ideal for owner-operator seeking perfect base! Fast Payback!
* Prime location w/no competition for 2 miles around!!!
* Super low rent!
* 4 booths rented @ $135/week x 4 = $27,000 annually (all long term stylists)
* Owner-operator adds $90,000 annually...SHE WILL STAY @60/40 SPLIT
* Huge loyal customer base; owner will introduce; no-compete included
* Great parking across from major anchor store
* Opportunity: switch to commission vs booth rental...renters fully booked daily
* Expanding into mani/pedi will add immediate sales growth

Learn more. Click CONTACT SELLER to request info via email>>>>>>>>>>>>

Detailed Information

Location:
Donelson, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
8/31/2021
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great area of Nashville. Super low rent @ 1500/mo. Comfortable family atmosphere enjoyed by 1000s of clients. 5 salon stations plus mani/pedi stations. Great break room/back bar. Square POS system used to track and follow business. Parking is plentiful and located across from major anchor store. Great neighboring businesses.
Competition:
Unbelievable...there is no competitors for miles around this location!!! We never see this with any core business, especially Salons. Business is packed every day for good reason. They own the market here.
Growth & Expansion:
Begin marketing/promotion on social media. Consider switching to commission based model vs current rental program. Renters are paying $135 per week and cover that with just one customer!!! Net income could easily be 2-3X higher w/this high value location and a switch to better owner profitability.
Financing:
possible if conditions met
Support & Training:
Complete training as needed. Introductions to vast client base also included during the 1st two weeks after transfer/closing.
Reason for Selling:
Owner is switching careers and starting a restaurant nearby :)
Contact Seller

Contact the Seller

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Tom Nilsen, MBA, Business Broker

Business Listed By:
Tom Nilsen

TNT Business Brokers / "We Sell" Team

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