Exceptional clientele base & amazing Price w/strong EBITDA

Phillipsburg, NJ
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Asking Price:$370,000
Rent:$5,000/Month
Gross Revenue:$700,000
BUSINESS DESCRIPTION

~$700K+ in annual revenue even being closed on Sunday's!!!

- Currently closed on Mondays, open 6 days a week.
- Annual revenue: $700,000 (Credit card: $400,000, Cash: $300,000). A $2 discount applies for cash payments.
- Sale price: $370,000. If you have a preferred sale price in mind, please let us know.
- Current rent is $5,000 including CAM and taxes, with a 3% annual increase.
- Staff: 3 experienced technicians and 4 intermediate technicians.
- Total beauty license shop.
- Facilities: 10 manicure chairs, 10 pedicure chairs, 2 waxing rooms, a break area, a boiler room, and a restroom.
- Space: 1,900 sq ft.
- Service prices: Manicure $12, Pedicure $25, Gel Color Manicure $35, Gel Color Pedicure $50 (prices may need to be adjusted).
- Established in 2002 with a loyal customer base (Please confirm the exact year of establishment).
- Lease history: Initially leased in 2002, with a 10-year lease and a 5-year renewal option. 2 years remaining on the current option.
- Parking: Street parking available.
- The shop is currently managed by a manager without the owner’s presence.
For inquiries or further information, please contact Victoria Kim. Thank you.


DETAILED INFORMATION
Location
Phillipsburg, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,900
Lease Expiration
09/09/2026
Employees
6
Facilities
Facilities include 6 manicure chairs, 6 pedicure chairs, 2 waxing rooms, dining area, boiler room, and even an on-site restroom. There is also strip mall parking which is very convenient for customers.
Competition
Great location with well-established reputation for excellence a strong clientele base to build off of. There are no competitors you can see - you can leverage existing business to build clientele base even further.
Growth & Expansion
1) Promote waxing and massage more; 2) Only open 6 days a week - being open on Sunday should easily add to the bottom line - most people are doing grocery, visiting pharmacy, getting dunkin' donuts or ice cream; 3) could possibly negotiate a favorable lease given how commercial real estate is doing or stick with the 5 year renewal options at 3% increase/year; 4) adjust prices by 3%; and 5) promote more (it's a great location - easy to get to, park, and has high visibility for two main cross-roads (bergen, etc.).
Financing
None
Support & Training
TBD - can be negotiated.
Reason for Selling
Owner is retiring.
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Victoria Kim
Victoria Kim