Glamorous Nail and Spa in High-End Neighborhood

Founded in 2019, this turn-key business has enormous potential for growth. Located in a high-end neighborhood serving residents from near by hospitals and 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. They have a database and software in place for payroll and bookings. Marketing practices such as website, instagram and facebook. Built up website with excellent google reviews. Business may qualify for E-2 visa. Partial year (2022) P&L and sales reports are available for qualified buyers.

Down Payment: $125,000

Total Sales: $407,107

Cash Flow: $43,807

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $200,000

FFE Included: Yes

Inventory: N/A

Year Established: 2019

Days & Hours of Operation: 7 days a week

Owner Hours Per Week: 20

Non-Owner Payroll: N/A

Employees: 13

Absentee Owner: Yes

Lease Option: Renewable

Real Estate: N/A

Monthly Rent: $9,618

Type of Location: Street retail

Square Footage: 1400

Franchise: No

Relocatable: No

Facilities Information:

Spacious and Modern Facility located across from one of the biggest hospitals in Miami and close to the University of Miami. Very strict with cleaning protocol. Decor is elegant and modern with cozy ambiance. Fully staffed experienced and long term employees with twelve full specialists, two receptionists, and one manager. It is 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:

Assistance will be provided for one to two weeks if needed.

Historical Summary:

Fairly new nail spa with a lot of investment that has gone into the built-out of the place. Business has been steady growing since it opened.

Owner Qualifications:

Management skills are required

Competition:

This is the most high-class nail spa in the South Miami area. They have the best team of professionals that have been there for a long time. Competition is scarce as the aesthetic and professionalism they provide is outstanding. Profitable salon with absentee owner.

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.