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Brooklyn Nail & Spa, annual income of $870,000, open 6 days

Brooklyn, NY
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Asking Price:$560,000
Gross Revenue:$870,000
FF&E:$250,000
Cash Flow:$250,000
Rent:$7,600/Month
Established Year:2014
Listing ID: 2250020Listing provided by BizBuySell
BUSINESS DESCRIPTION

"Located in Brooklyn, this Nail & Spa operates under management, offering a simplified operational model.
Facility Details:
16 manicure chairs, 10 pedicure chairs, 7 rooms
Service Price: manicure and pedicure ($53 total)
Total Area: 1400 sq. ft. (1st floor) + 800 sq. ft. (2nd floor) + 800 sq. ft. (basement)
1st floor: Nail & Spa, 2nd floor: Hair salon, basement: potential for massage or eyelash services
Business Details:
Annual income: $870,000
Open 6 days a week, closed on Saturdays
Lease: $7,600 per month
Net Annual Profit: $250,000
Operational Note: NO PICK UP"

DETAILED INFORMATION
Location
Brooklyn, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
01/06/2036
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
It's clean and in good condition. The hair salon is subleased, covering the rent at $2,000. In the basement, it's possible to offer massage or eyelash services, or to sublease. if Operating in the basement ensures more guaranteed income, which is an advantage."
Competition
if we offer more opportunistic services, it's certain that income will increase Moreover, with our simple operational model focused on nail care, gel, spa, and waxing services only, expanding to additional services will likely further increase income.
Growth & Expansion
Managed by a manager for the past 10 years, so there's growth potential with a new management.
Financing
bank Financing Available
Support & Training
Since it's managed by a manager, changing ownership wouldn't significantly affect the operation, which is an advantage
Reason for Selling
Due to hardship
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