Modern Nail Salon
Modern Nail Salon
Price: $195,000
Location: Austin, TX
Industry: Personal Care Services
Listing ID: 20240818
Modern nail salon franchise with established staff and clientele. Membership model. Excellent location in a higher end Austin suburb. Strong revenue base from which to grow. Motivated sellers who are relocating. This business is being offered for less than the cost to start new. Strong established franchise brand.
Total Sales: $338,000
Cash Flow: N/A
FFE: $160,000
Reason For Sale:
Retirement and relocation
Training & Support:
As needed to insure a smooth transition and as required by the franchisor.
Year Established: 2020
Monthly Rent: $4,700
Type of Location: Leased - expiry 10/31/2030
Square Footage: 1425sqm
Facilities Information:
The business operates out of 1425 ft.2 commercial retail space easily accessible from a main 4 lane roadway.
Competition:
This business has strong differentiators. Nail services make up $20B of the $20.6B Personal Nails and Waxing Salons industry The global spa/salon market is forecast to grow at an annualized rate of 4.6% to $25.8B from 2022 to 2027 Nail services are an affordable luxury with consumers looking to “protect the pretty” even if other discretionary spending is restricted The consumer base for nail services spans generations, genders, and cultural lines Healthy foot care is increasingly important for all ages.
Potential Growth:
More marketing and general community engagement.
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