Turnkey & Very Profitable - Nail Salon For Sale

Terre Haute, IN (Vigo County)

Nail Business In A Snap
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Asking Price: Get Financing: $250,000

Cash Flow: $225,000

Gross Revenue: $450,000

EBITDA: $225,000

FF&E: $150,000

Inventory: $83,200

Lease Rate: $4,400 /Month

Established: 2004

Turnkey & Very Profitable - Nail Salon For Sale

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Business Description

Well-established business and high-end nail salon located at a very desirable location off main road (US Hwy 41). The business has operated at the same location for over 14 years, and has many regular long-term clients. Located near Lowes, Walmart, Panera, Top Gun Shooting range, Elementary School, Vigo High School and tons of other great businesses which provides excellent exposure and female clientele. As of 2011, due to significant increase in business added additional unit and now occupies unit 5119 and 5117 for a total of 2500 sq. feet. All new equipment and existing inventory is included in asking price. Reasonable rent at only $4,400/month total including water and trash! Store was fully remodeled in 2015 with all new equipment, plumbing, and appropriate permits. Everything is beautiful, turnkey condition with reception area, large waiting room with Cable TV, TVs, Cash Register, Credit Card Machine, 2 restrooms, thereby giving buyer the opportunity to walk-in and make money immediately! Act now; will not last!
*** Additional Contact: Tung T. Do, Seller's Agent and Adviser, Cell: 734-945-1905****

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
5/31/2019
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease Amount/Month.: $4,400 (Extended 6/1/18 – 5/31/2019). New lease can either be negotiated with Lessor or take over existing lease contract AS IS. Lease cost is NOT included as part of asking price. Leased Premise: 5117 & 5119 South US Highway 41, Terre Haute, IN 47802.
Competition:
The nail salon business is competitive with several other providers located nearby and in surrounding neighborhood. Buyers are advised that they are solely responsible to conduct research on the market, competition, and all aspects of the business.
Growth & Expansion:
Many avenues for additional growth with better marketing / advertising. Current staff strictly on commission with no work contract. New owners free to staff accordingly.
Financing:
50k Seller financing with 200,000 down (cash)
Support & Training:
Seller can provide reasonable assistance to ensure smooth transition to buyer. Will help train buyer for 4 weeks if desired @ $0 costs. The business has all licenses and permits to operate.
Reason for Selling:
Moving out of state
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Business Listed By:
Lan Do

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