Niche Nail Salon Franchise In The Woodlands
www.GlobalBX.com
Listing ID:
700356981
Listing Title:
Niche Nail Salon Franchise In The Woodlands
Quick Link:
http://www.globalbx.com/listing.asp?bId=356981
Industry:
Hair and Beauty
Industry Segment:
Beauty Salons and Barber Shops
Country:
United States
State / Province:
Texas
Area
City:
Asking Price Range:
$250K - $500K
Gross Revenues:
$409,979
Cash Flow:
$32,760
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2020
Number of Employees:
10 - 19
Business Description:
Innovative franchise nail salon known for manicures, pedicures and waxing services. Businesses niche model focuses on the salon experience, by providing an energetic upbeat environment complemented by a luxury bar experience offering specialty cocktails. Recognized as the first SBA approved nail franchise in the nation, this business is strategically positioned in a new north Houston strip center space of 2,404 SF. Seller opened this location in 2020 and invested over $335,000 in the business. Sale includes FF&E, leasehold improvements, and inventory valued at $25,000, there will be no transfer fee for the franchise. Total sales for 2020 were in the order of $409,979, despite several months of closure due COVID-19 restrictions. Business is fully staffed with 13 employees including a full-time manager and 10 nail technicians. An assumable SBA loan of approximately $260,000 is transferable to a qualified buyer.
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