Review

Nail Salon
Day Spas/Beauty Salons
In or near Los Angeles

Status: Available
Price: $360000
Sq Ft: Sq Ft.

LBA Listing # 6308
 

  




  




  




  




 
Nail Salon
Day Spas/Beauty Salons


Los Angeles LBA Listing # 6308
Upscale & profitable nail salon Franchise, perfectly located in Glendale!!! Great opportunity to buy into this Franchise with this high-end nail salon located in busy part of well populated city. This Nail Salon was built in 2016 with no expense sparred, build out was about $300,000. The salon has 10 x SPA chairs and additional nail bars. huge inventory of high-end polishes and supplies. This nail Salon has successfully increased Gross Revenues by over $100,000 a year for the last few years with even great upside with the right owner!! The current owner turned profits after the first year in business and has done as an absentee-owner. The upside for this business is big, with the location being its advantage! Also, great opportunity for someone seeking E2 Visa. Rent is $8,350/m including NNN and electricity! Lease expires 2022 with 1 x 5 years option. Seller claims his Gross Sales are about $56,000 a month. cost of goods are $1,500/m and $450/m for remaining utilities and insurance. There is 6% Royalties to Franchise. Seller claims his Net income is about $80,000 a year.
Status: Available
Price: $360000
Sq Ft: Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established: 2016
Year Purchased: 2016
Business Type: Nail Salon
License(s) Required: Business, Cosmology
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6308
Date Available: 9/1/2020
Reason For Sale: Other Interest.
Annual Total Revenue: $672,000
Annual Net Income: $80,000
Inventory:
Monthly Payroll: $28,000/m
Lease Information
Base Rent: $8,350/m
Lease Expires: 2022
Lease Option: 1 x 5 years option
NNN: included+Electricity
 
Financing Information
Down Payment: $360,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.