Listing Number: 9525-301514
Description
This salon is absolutely beautiful, modern and in an ideal location of mixed luxury condos, office and retail. The salon is in a large and attractive space where guests enjoy such services as manicure and pedicure, facials, massage, and other beauty services.
The owner owns two successful salons within one block of each other and basically has zero competition in the area. Both salons are available for purchase for investors looking to make a larger investment and control the local market. The reason for the sale is related to family responsibilities.
The most important driver of growth is the number of nail techs that can be recruited. There has been a recent 33% growth of technicians which will dramatically raise 2024 revenues. Even before the addition of staff revenues are climbing above last year's stellar performance. There is heavy reliance upon word-of-mouth referrals, repeat clientele, and excellent location to drive business, which means additional growth from a small marketing investment is achievable.
Listing Details
- Price: $552,760
- Down Payment: $552,760
- Sellers Discretionary Earnings: $190,607
- Total Sales: $727,668
- Location: Alexandria City, Virginia
- Inventory: $30,000
- FF&E: $106,700
- Employees: 12
- Year Established: 2017
- Reason for Selling: family considerations
- Category: Beauty/Personal Care
