Nail Salon Wealthy Demographic Loyal Clients 18 Years Established
Boca Raton, FL
| Asking Price: | $480,000 |
| Established Year: | 2006 |
| Gross Revenue: | $636,000 |
Listing ID: 2306357Listing provided by BizBuySell
BUSINESS DESCRIPTION
Fully Staffed Long Term Team Members BUSY Shopping Center Destination
This is a well-established full-service nail salon in Boca Raton Fl with strong demographics and impressive long term repeat business. The salon specializes in dip powder nails, pink and white acrylics, manicures, pedicures, gel polish full waxing services, facials and microdermabrasion. Fully staffed with a team of long-term experienced technicians. Customers can expect exceptional & beautiful results. PRICED TO SELL AT ONLY ~0.75 X REVENUE & 2.5X EBITDA. Lease includes 1(one) 5 year option.
DETAILED INFORMATION
Location
Boca Raton, FL
Inventory
Not Included in asking price
Lease Expiration
30/11/2025
Employees
13
Facilities
Sale price includes 12 double workstations 6 pedicure chairs, microdem & waxing equipment, kitchen, + 2 full baths
Competition
Boca Raton is one of the wealthiest communities in America. The specific area is seeing huge growth with new multi-million dollar home construction nearby. This salon has been consistently voted Best in Boca. The quality of ownership and team have NO LOCAL COMPETITION. The salon experiences a solid "seasonal" bump up in revenues yearly. Built in revenue kicker annually.
Growth & Expansion
A new owner may increase revenues/earnings with a solid social media campaign.
Support & Training
Owner is seeking a 3-6 month personal services contract in order to ensure a successful transition.
Reason for Selling
After 18+ years the owner would love the opportunity to spend more time with fam
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