Prime Location Nail Salon Anchored by Nationwide Supermarket

Frisco, TX (Collin County)

Prime Location Nail Salon Anchored by Nationwide Supermarket
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Asking Price: $90,000

Cash Flow: $111,899

Gross Revenue: $537,645

EBITDA: N/A

FF&E: $50,000

Inventory: $15,000

Established: 2013

Prime Location Nail Salon Anchored by Nationwide Supermarket

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Business Description

Prime location nail salon placed in the epicenter of a fast growing city in North Dallas is available for acquisition. This business was originally established in 2013 by the previous owner and acquired by the current owner in 2017. Quite a few competitors are found in the immediate market area, but the business is optimally placed next to one of the busiest roads in the city and easy to access than other competitors and is anchored by nationwide supermarket and other retail stores. Most of the customers are upper-class Caucasian women from the surrounding densely populated residential neighborhoods as well as foot traffic that come to the local area for the mall which is few miles away from where the business is located. Gross sales average was $485,000/year that has been consistent since the inception of the business due to the amazing location and promotional coupons that is done on a regular basis. Proactive marketing and owner's pro-active involvement are crucial to the further growth of this business as utilization of local marketing tactics will bring new set of customers and grow the overall sales of the business. There are many ways to proactively market this business such as direct mailing, social media outlets, business website, flyers, weekly specials, coupons and hiring full-time manager while the owner of the business can fully focus on marketing the business or other potential income sources. Additionally, hiring more nail technicians can be good way to provide wide range of services to all customers that consistently visit throughout the day to retain all possible sources of profit. Due to the large percentage of customers being walk-in, providing a method of booking through their website will allow for busy individuals especially students to plan services needed on a weekly basis. Many of the services provided at this shop such as mani, pedi, eye brow and back waxing etc. with high quality. This nail shop is located in the most optimal area for a potential buyer to come in and proactively market this business to generate the most potential revenue.

Listing ID #000777
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Location:
Frisco, TX
Inventory:
Included in asking price
Employees:
6FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 2,200 SF retail strip center that is anchored by a high-end nationwide grocery and retail chain in an area of heavy traffic and walking pedestrians. All equipment is in impeccable condition and in working order.
Competition:
Few competitors are within the immediate market area, but this business is located in prime location with great visibility and can easily allow access to the store for customers compared to other competitors.
Growth & Expansion:
Some marketing such as Facebook, coupons, promotions in place that has grown the business, but other proactive marketing methods need to be utilized to achieve maximum income potential.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Burnt Out
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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