Luxury Nail & Spa on Long Island with annual gross of $1.3M
Nassau County, NY
| Asking Price: | $890,000 |
| Gross Revenue: | $1,300,000 |
| Rent: | $11,000/Month |
| Established Year: | 2014 |
| Cash Flow: | $400,000 |
| Inventory: | $400,000 |
| FF&E: | $400,000 |
Listing ID: 2250818Listing provided by BizBuySell
BUSINESS DESCRIPTION
Located in a prime location within a large shopping mall
"Luxury Nail & Spa on Long Island
Total area: 2000 sq ft + 600 sq ft
Facilities: 16 manicure chairs, 10 pedicure chairs, 4 rooms
Price: $45 for manicure and pedicure
Rent: $11,000 (including property tax and maintenance fees)
Staff: 20 employees
Annual sales: $1.3M
Net annual profit: $400K
Managed by a manager, owner is not involved in daily operations
Prime location in a large shopping mall
Potential for increased sales with new management"
DETAILED INFORMATION
Location
Nassau County, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,600
Lease Expiration
31/10/2035
Employees
20
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Located within a shopping mall, 30 minutes from Flushing, this Nail & Spa offers prime accessibility
Competition
Located in a densely populated neighborhood, the business may face some competition but has a long-established customer base
Growth & Expansion
This Nail & Spa has been in operation for 20 years, with the current owner managing it for about 10 years. There is potential for increased sales if a new management team takes over and implements renovations
Financing
bank financing availble
Support & Training
Currently managed by a manager, with the option for two weeks of training if desired.
Reason for Selling
Seeking to sell due to personal reasons."
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