Business Description
This Nail salon is a premier, appointment-only nail salon located in the heart of Chelsea, Manhattan, New York City. Operating successfully for five years, this niche business specializes in custom, high-end nail artistry, catering to an upscale clientele with bespoke designs. The salon generates $850,000 in gross revenue and $300,000 in net cash flow, offering a turnkey operation with a strong brand. With seller financing available ($300,000 down, $200,000 financed at 7% over 3 years), this is an attractive opportunity for entrepreneurs to acquire a thriving business with significant growth potential.
Key Features
· Niche Market: Specializes in custom, high-end nail designs, distinguishing it from traditional salons.
· Appointment-Only Model: No walk-ins, ensuring a premium, controlled client experience with predictable scheduling.
· Strong Financials: Gross revenue of $850,000 with a net cash flow of $300,000 annually.
· Prime Location: Located in the trendy Chelsea neighborhood, attracting affluent clientele in a high-traffic area.
· Turnkey Operation: Fully staffed with 7 employees, including a manager and receptionist, for seamless management.
· Seller Financing: Owner offers $300,000 down, with $200,000 financed at 7% over 3 years, easing the buyer’s entry.
· New Lease Available: Landlord will provide a new lease at $7,000/month, ensuring long-term stability.