Fantastic & Elegant Nail Salon with strong client base since 2006

Essex County, NJ
Asking Price:$300,000
Inventory:$15,000
FF&E:$50,000
Gross Revenue:$500,000
Rent:$6,445/Month
Established Year:2006
BUSINESS DESCRIPTION

Half a million in yearly revenue

- If the business operates 6 days a week under new management, offering acrylic and dip powder services, revenue will increase.
- Currently closed Tuesday to Sunday; open only 5 days a week.
- Annual revenue is $500,000 ($250,000 from card payments and $250,000 in cash).
- Rent increases annually by 3%.
- Staff consists of 2 skilled technicians and 6 intermediate technicians.
- Possesses a total beauty shop license.
- The premises cover 2200 sq ft.
- Service prices: Manicure $15, Pedicure $29, Color Gel $38, Fill-in $60, Gel Set $120.
- The salon has built a loyal clientele since its establishment in 2006.
- Lease history: Initial lease in 2006, renewed lease in 2016 for 10 years.

For inquiries or further information, please contact Victoria Kim at 917-612-9914. Thank you.


DETAILED INFORMATION
Location
Essex County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
31/05/2026
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
- Facilities include 8 manicure chairs, 7 pedicure chairs, and 8 rooms for various services (hair, waxing, facial, massage), dining, boiler room, restroom.
Competition
Loyal clientele - solid repeat business. Full beauty Salon license - can offer many more services (built to provide all of the services).
Growth & Expansion
1) full beauty salon license - premises can offer far more 2) Only open 5 days a week - open an additional day or even two to increase revenue 3) offer acrylic services 4) offer dip powder services 5) add additional facial and massage services 6) Prices are pre-covid set Can negotiate the new rent and term
Support & Training
TBD - can be negotiated.
Reason for Selling
Owner is retiring and moving out of the state
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Victoria Kim
Victoria Kim