Profitable Luxury Nail & Lash Lounge

Dallas County, TX

Profitable Luxury Nail & Lash Lounge
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Asking Price: $115,000

Cash Flow: $60,000

Gross Revenue: $320,000

EBITDA: N/A

FF&E: $40,000

Inventory: $3,500

Established: 2010

Profitable Luxury Nail & Lash Lounge

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Business Description

Luxury nail salon with professional lash services placed in a fast growing city is available for acquisition. This business was established almost a decade ago in 2010 and was later acquired by the current owner in 2017. Most of the customers are middle to upper-class individuals that live in the surrounding densely populated area and the constant traffic from major highway placed next to this business. This business is easily visible from the street and has ample parking space to accommodate for large groups. Gross sales was $320,000/year that has shown a trend of consistency for the last several years of operation due to their large dedicated customer base and the luxurious interior build-out that attracts individuals to keep coming again. Although there is no marketing done at the current time other than word of mouth, other proactive marketing methods within the immediate market area is crucial for the further growth of this business as well as growing the customer base outside of the immediate market area. Competition can be expected for businesses within this industry, but this business differentiates itself from the competition by providing professional lash services that others don't have and the interior build-out that welcomes all individuals. There are many ways to proactively market this business such as direct mailing, social media outlets, student discounts, loyalty program, online booking services, extending operation hours and increasing workforce. Combining both online booking services and increasing the workforce will provide a healthy boost in sales by reaching out to individuals that has yet to realize this business is in the local area as the city is fast-growing. This premium nail and lash salon is in the perfect condition for a potential buyer to proactively market the business while being fully involved in the day-to-day business operation.

Listing ID #000892
For more info, please call Stephen Lee at 1-866-519-2421.

Detailed Information

Location:
Dallas County, TX
Inventory:
Included in asking price
Employees:
2FT/1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 1,968 SF space of a premium retail strip center surrounded by high-end businesses and next to a major highway road with ease-of-access.
Competition:
Competition is expected for this type of business industry, but this business differentiates itself from the competition by their professional lash related services and the beautiful modern interior design.
Growth & Expansion:
There is no marketing done at the current time. Proactive marketing in the local area and through online resources is crucial to the further growth of this business.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason for Selling:
Health issues
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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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