NAIL SALON NET $120,840k SLN229

Price: $149,900

Location: Hudson County, New Jersey

Industry: Salon

Listing ID: SLN229

Successful and modern Nail salon in an active area of Hudson County New Jersey and minutes from the New Jersey Lincoln Tunnel. This Nail salon offers quality professional services, with previous gross yearly sales of $212.610 plus discretionary income and a net yearly income of $120,120. The operation has six sections for nail services, four pedicure sections and one hair chair. They are a full-service nail spa that caters to each client’s unique style and personality and hold themselves to the highest standard and want only the best results for their patrons. Located in Northern New Jersey, Hudson County and offers a multitude of services to their customer base. They are committed to excellence and the highest degree of customer satisfaction and provide stress reduction and renewed vitality. They offer an integrated personalized spa indulgence for each of their patrons. This service includes facials, waxing/hair removal, body spa treatments, and more. They offer the best products, and their results will be nothing less than stellar. They are not your typical salon and offer quality and professionally services. Their highly trained staff offers the best quality services, the highest quality products and follow strict sanitary procedures in a beautiful, and relaxing spa atmosphere. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $212,610

Cash Flow: $120,000

FFE: $65,000 (Included in Price)

Inventory: $3,000 (Included in Price)

Form of Ownership:

LLC

Terms and Conditions?:

The yearly gross income represented by the seller owner is $212.610 plus discretionary income and a net yearly income of $120,120. based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2022 company’s gross income is expected to be similar to post pandemic. Due to several reasons and possible seller discretionary income, a formal due diligence is recommended. The business has been valued at $149,900 based on a multiple of the net yearly income which includes the business assets. Also, seller / bank financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Reason For Sale:

The purpose of this business transaction is due to the owner relocating to Florida.

Training & Support:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Operation

Year Established: 2010

Days & Hours of Operation: Days Hours of operation, this successful Nail salon business is active six days per week, with hours from 9:00 am to 6:00 & 8:00 pm.

Owner Hours Per Week: Absentee

Employees: Seven

Managers: Yes

Absentee Owner?: Yes

Location

Monthly Rent: 3,900

Type of Location: Retail

Square Footage: 1400

Relocatable?: Yes

Facilities Information:

This business opportunity is in Northern New Jersey, Hudson County, which consists of numerous highly populated communities and tens of thousands of shoppers with continued demand for this particular personal service. This Nail salon facility consist of approximately 1,400 square feet with a modern and attractive design. The business is located on a highly active commercial avenue with hundreds of other local retail businesses.

Ron Cervelli

contactus@regalconsultants.com

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