Modern Nail Salon
Austin, TX
| Asking Price: | $175,000 |
| Inventory: | $2,500 |
| FF&E: | $160,000 |
| Gross Revenue: | $338,000 |
| Rent: | $4,700/Month |
| Established Year: | 2020 |
Listing ID: 2273229Listing provided by BizBuySell
BUSINESS DESCRIPTION
Price Reduced - Motivated Out of State Seller
Modern nail salon franchise with established staff and clientele. Membership model. Excellent location in a higher end Austin suburb. Strong revenue base from which to grow. Motivated sellers who have relocated out of state. This business is being offered for less than the cost to start new. Strong established franchise brand.
The franchisor requires $150,000 liquid and a $500,000 net worth to qualify to be an owner in their system. This business has improving financials and is not yet profitable.
DETAILED INFORMATION
Location
Austin, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,425
Lease Expiration
31/10/2030
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates out of 1425 ft.2 commercial retail space easily accessible from a main 4 lane roadway.
Competition
This business has strong differentiators.
Nail services make up $20B of the $20.6B Personal Nails and Waxing Salons industry
The global spa/salon market is forecast to grow at an annualized rate of 4.6% to $25.8B from 2022 to 2027
Nail services are an affordable luxury with consumers looking to “protect the pretty” even if other discretionary spending is restricted
The consumer base for nail services spans generations, genders, and cultural lines
Healthy foot care is increasingly important for all ages,
Growth & Expansion
More marketing and general community engagement.
Support & Training
As needed to insure a smooth transition and as required by the franchisor.
Reason for Selling
Retirement and relocation
Franchise
This business is an established franchise
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