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High End Nail Salon With Two Prime Retail Locations

Austin, TX
Location 1 - Downtown Austin

Seller Financing Available

Location 1 - Downtown Austin
Asking Price:$600,000
Inventory:$73,000
FF&E:$277,000
Gross Revenue:$1,100,000
Rent:$15,000/Month
Established Year:2015
Listing ID: 1992147Listing provided by BizBuySell
BUSINESS DESCRIPTION

motivated absentee seller - entertaining all offers

Popular business with a reputable brand, loyal clientele and tremendous potential. Active trademark for the logo and business name, great branding and visibility. All the business needs is an engaged owner that is local to the Austin area and can be hands on, preferably someone with a strong business acumen and attention to detail. Owner moved in 2019 and business has been missing the owner's presence since. Our key differentiator competitively is our customer service and "no harm" policy - we use salon practices that do not harm the natural nail, and provide a safe salon experience in a fume free environment. We get high marks from customers for our cleanliness and friendly customer service.

In addition to the retail and services physical presence, there is also an online store built on the Shopify platform that has potential with the right amount of focus and attention. YOY Shopify revenue has grown over 30% without any additional advertising or promotion.

DETAILED INFORMATION
Location
Austin, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,000
Employees
25
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Leases are Downtown and North Austin near the Domain and both expire in 2026 with renewal clauses. Each location is approximately 1500 square feet.
Competition
Both locations are in prime retail areas with lots of traffic (Downtown is next to the W Hotel and North is near the Domain, next door to a high-traffic Summermoon coffee). Prices for services are slightly higher than competitors, however we offer a more premium experience and are able to perform manicures and pedicures simultaneously with two providers, which most salons are not able to do. We also offer soakless services, minimizing water use and maximizing results - our clients love the hot towels that we use and how sanitary it is.
Growth & Expansion
There is an opportunity to expand to other markets, and potentially franchise. The service offering is unique and provides an approach that clients love (safety and no damage promise). There is also an opportunity to grow the online store presence and develop nail products that can be sold under the brands trademarked name.
Financing
Owner financing available for 50% of sale price
Support & Training
Owner willing to provide 6 month transition period with training and support. Processes and procedures are already well documented with an employee handbook and service protocols, along with well-documented training procedures.Prospective buyers that sign an NDA will be taken through a formal presentation that covers financials, tech stack, and other business details.
Reason for Selling
Owner proximity to business
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Carla Hatler
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Carla Hatler
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