Amazing value! Beauty Salon and Spa in premier section of Nashville Nashville, TN (Davidson County)
Nashville, TN (Davidson County)
Asking Price: $85,000
Cash Flow: $56,500
Gross Revenue: $180,500
Full-service salon in prime Nashville location for three years (established 5 years before that in the same neighborhood) offers skin care (facials, microdermabrasion, specialty masks, restoring peels), waxing, lashes, hair care, with three stylist locations, and five private rooms (where self-employed* highly trained aestheticians administer facials and other services using the latest equipment- included in asking price). In the tanning room, Norvell solutions provide healthy, firming skin treatments that result in 5-7 days of beautiful ”just-off-the-beach” color. Regular customers are both women and men. *More than 95 % of gross revenues come from room & chair rental. This is an opportunity: 1) for the owner-operator who is a salon professional to build his/her business OR 2) to lease the space the owner uses for her clients to another salon professional
- Included in asking price
- 1750 square foot store has facade on a very high traffic street running through an upscale shopping area and business community, near one of the most renowned neighborhoods in the nation. Store was renovated in 2012-2013, and has a new 3-year lease through April 2018.
- Normal market competition- salons proliferate in every community, but location and marketing are big factors in the success of of a salon. The professionals are self-employed, and attract their own clientele; vacancies are very rare.
- Growth & Expansion:
- The possibilities are many: new owner could add hours (currently the salon is closed Sundays and Mondays). Or reconfigure storage spaces to add an additional tenant beauty “suite”. Owner has a good name, strong brand and website (in case new owner might want to continue) which could also be developed in other upscale areas around town.
- Support & Training:
- Someone familiar with the beauty salon industry will have no trouble jumping right in, managing this business. The seller will be pleased to introduce the new owner to the business, and remain for a short (negotiable) period.
- Reason for Selling: