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Business for Sale Summary

Nail Salon & Day Spa in Fairfield County, CT - 32941

Business Type: hair salon/ barber shop,misc. service/non-classifiable,other personal services,seller financing available,nail salons
Owner Financing
Nail Salon & Day Spa in Fairfield County, CT
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Financial Information (non-confidential)

General Information
Asking Price $230,000 Down Payment $50,000
Gross Revenues $1,350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $130,000 Number of FT Employees Register Free to View

Financing

$50,000 Down and $180K over 3 yrs. @ 6%

Business Description

High Volume Nail Salon & Day Spa. Currently open and operating. This store has been established with the same owner for the past 11 years. They were closed for several months in 2020 due to the government mandated shutdown and the sales did decline in 2020 due to this. They have seen a bounce back since reopening. This is a spacious 1,885 sq. ft. store that primarily offers manicures, pedicures and waxing. They have over 17 manicure stations and 8 pedicure stations and additional rooms in the back for waxing, facials, break room and laundry. There is room to grow by adding hair-wash & blow-outs, eyebrows, threading, blow-outs, massage and spray tans. In the past full year of operations the business grossed approx. $1,350,000.00 with a cash flow of approx. $130,000.00. The salon is fully staffed with 17 employees. There are 8 years left on the current lease. The landlord is negotiable due to Covid. We are seeking a serious and financially qualified buyer with at least $151K in liquid funds to cover the asking price and inventory. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.