*Bundle(2)* Splendid Nail Salons in Prime Location

Price: $195,000

Location: Miami

Industry: Nail Salons

Listing ID: RA120135

Listing Status: New

Description

This is a bundle for two very reputable nail salons, located in strategic locations. Same owner for both. This gives you the opportunity to purchase both salons at a reduced price.

Miami Beach:
Opened in 2010 and located in Miami Beach, this nail spa has proven to be both sustainable and profitable. They built the business on a slow growth foundation to ensure dependable returns. Over the past 9 years the business has attracted and retained loyal clients.
They service both South Beach Locals and tourist which makes for a healthy and constant flow of customers throughout the various seasons while ensuring outstanding customer care and attention to every detail.

South Miami:
Founded in 2019, this turn-key business has grown at a steady pace. Located in a high-end neighborhood, serving residents from nearby hospitals to University of Miami students. They are fully staffed with thirteen professionals. Apart from their various manicure and pedicure services, they have gift card sales, waxing and facial amenity, packages and specials, and membership options.

Employee training and established service protocols maintain the highest standards. Staff is well trained and act as knowledgable ambassadors for the salon brand. Booking is done with integrated sales software.
Client information and sales reports are easy to access for qualified buyers.
May qualify for E2 Visa

LISTING DETAILS

Down Payment: $195,000

Total Sales: $1,002,095

Cash Flow: $163,382

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $250,000

FFE Included: Yes

Inventory: N/A

Operation

Year Established: 2010 and 2019

Days & Hours of Operation: 7 days a week

Non-Owner Payroll: N/A

Employees: 23

Absentee Owner: Yes

Lease Option: Renewable

Location

Real Estate: N/A

Monthly Rent: $16,718

Type of Location: Street retail

Square Footage: 1400

Franchise: No

Relocatable: No

Summary

Facilities Information:

Spacious and Modern Facilities located in two of the most high-end neighborhoods. Very strict with cleaning protocol. Decor is elegant and bright with uncluttered space. Fully staffed with experienced and long term employees including full specialists, receptionists, and one manager. Equipped with a front desk area, pedicure and manicure chairs, washer and dryer, storage room, and camera security. Ample parking for both staff and customers. Opened 7 days a week.

Terms and Conditions?:

Strictly confidential, contact for showing.

Reason For Sale:

Relocation

Training & Support:

Owners will provide all necessary aspects of support and training. To ensure a successful transition this will include new employee training, review of all job descriptions, ongoing management and staff procedures, client service practices, daily and monthly business goals, inventory requirements, marketing and advertising objectives.

Historical Summary:

The Miami Beach salon opened in 2010. The salon in South Miami was created in 2019.

Owner Qualifications:

Management skills required.

Competition:

They have a winning client retention practice that their competition struggles to match. Their consistency of service and trained staff builds loyal clients. Tested and proven market niche. Professionally created and maintained marketing materials including web site, yelp, google and social media accounts included.

Potential Growth:

The buyer will be getting the salon for a fraction of the original price. Invested a lot into the quality for the built out and decor. To expand the business you can add more services and products as well as enhancing the markerting procedures in place.

Financing/Terms:

No financing, cash only.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER
There is no associated broker for this Listing.