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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