High Volume Semi-Absentee Operated Nail Salon – Well Established!
Overview
This West Hollywood Nail Salon is one of the well-recognized names in nails. The well-established salon has a full-time working owner. As a result it is ideal for the aggressive operators that wish to work full-time in order to minimize expenses and operate the venue full-time. The business also lends itself to an owner that is also a service provider, such as an esthetician, nail technician, masseuse, stylist, etc. who wishes to work out of their own location. The salon boasts several pedicure chairs with wash basins (no plumbing), manicure stations, wax, and esthetician rooms and more.
Additional Details
Facilities
This 750 square foot facility leases for $5,550 per month plus an additional $ 300 in common area maintenance expense (CAM) on a lease until 12/31/27 with one 5 year options. The salon’s furniture, fixtures, equipment, and goodwill are included.
Competition
West Hollywood is a particularly competitive market for nail salons; however this venue has established itself as a location to aspire to become as its proven itself year in and out. Their attractive price points, convenient access, onsite parking, spacious feel and comprehensive service offering provided them a sustainable competitive advantage over incumbent locations, while creating a formidable barrier to entry for potential new competition.
Growth & Expansion
The salon could benefit from a full-time working owner to ensure top quality sales and customer service. Alternatively, the addition of complementary services such as facials, body wraps, massage, etc. could not only bolster but also diversity the revenue base. New operations may also wish to offer a retail selection of related beauty care products.
At a Glance
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Asking Price $200,000
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Gross Revenues $300,000
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Inventory $5,000
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Potential Cash Flow $66,000
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Location Los Angeles, CA