Inside Very Busy Mall Nail Salon Urgent Sale

Montgomery County, TX

Inside Very Busy Mall Nail Salon Urgent Sale
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Asking Price: $195,000

Cash Flow: $114,000

Gross Revenue: $481,000

EBITDA: N/A

FF&E: $25,000

Inventory: $5,000

Rent: $10,000 /Month

Established: N/A

Inside Very Busy Mall Nail Salon Urgent Sale

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Business Description

A bustling nail salon situated in a very busy mall connected to a new city center entertainment area. Nail Salon is the only one in the mall and is thriving with satisfied clients. Mall is located within the new oil & gas sector of Houston with many nail needing repair clients. Owner wants to dedicate more time with family and willing to relinquish ownership duties over to new owner and have reduced price down to $195K for a quick sell. Annual gross sales at $481K (this does not include cash sales), seller’s discretionary earnings (SDE) of $114K with a price multiple to SDE of 1.71. This is a great bargain and will sell fast!

Detailed Information

Location:
Montgomery County, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nail Salon is located inside of a popular mall connected to city's entertainment center Owner purchased the nail salon in mid 2016 with idea of running it with spouse. The couple since have a new born child and wants to sell to dedicate more time to raising a family.
Competition:
No competition as the nail salon is the only one in the busy mall
Growth & Expansion:
Continue to provide consistent customer service.
Support & Training:
2 weeks
Reason for Selling:
Owner wants to dedicate more time to new born child.
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(from currently available funds)
 
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Paul Tran

Business Listed By:
Paul Tran

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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