Northern VA High End Nail Salon

Business Overview:

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.

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Property Features and Assets:

Monthly Rent:$7,800.00

Square Units (Foot, Meter): 1,577

Lease Expiration Date: November 16, 2025, 12:00:00 AM

FF&E Overview:
Fixed Furniture and Equipment
10 pedi massage chairs with technician chairs attached. Purchased 2 years ago for $55,000
11 tables and 12 chair sets. Brand new and purchased for $30,000

2 waxing rooms equipped with a two beds, valued at $4,000

2 Polish racks $14,000

Zota POS system with printer and sign-in capability, $3,700

FF&E General Condition: Excellent

Market Competition and Expansion:

Competition: The owner owns two salons within one block of each other, and both are available for purchase. There is virtually no other competition anywhere in the area, which has consistently resulted in full demand for each salon

Expansion: Expanding technician base beyond Vietnamese speakers. The business is only limited by the Seller's ability to recruit beyond the Vietnamese community.

The Seller's personal life obligations have resulted in her spending less time on the salon. The business will be improved with a full time managerial presence.

Reason for Selling:

Additional Details:

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