Nail Salon for Lease
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TURNKEY NAIL SALON - PRIME WHITEHAVEN LOCATION
This profitable nail salon offers an exceptional business opportunity in Memphis's thriving Whitehaven district, just blocks from Graceland. Established in 2022, this full-service salon has built a solid customer base and generates $125,000 in annual revenue through a proven business model.
BUSINESS MODEL:
Operates efficiently using independent contractors who pay $200 weekly table rent, ensuring consistent revenue with minimal management overhead. The flexible contractor arrangement allows new owners to retain current staff or bring their own team, as technicians operate without binding contracts.
PROPERTY FEATURES:
- 4,000 square foot freestanding building on high-traffic street
- Excellent visibility for walk-in customers and vehicle traffic
- Recently renovated 1,400 square foot upper level
- Dual income potential through additional services or suite rentals
- Strategic location near major tourist destination
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $125,000
- Investment: $55,000
- Monthly Rent: $3,100 (Triple Net Lease expires June 2028)
- Strong profit margins with established cash flow
- Buyer responsible for utilities and internet services
SELLER MOTIVATION:
Owner retiring and seeking to reduce daily operations, creating opportunity for motivated buyer to acquire turnkey business with immediate income potential.
GROWTH POTENTIAL:
The expansive two-story facility offers numerous expansion opportunities including spa services, beauty treatments, or rental income from upper-level suites. Prime location benefits from tourist traffic and established local clientele.
OPERATIONAL ADVANTAGES:
- Minimal staffing requirements due to contractor model
- Flexible management structure suitable for various ownership styles
- Established systems and processes in place
- Strong local market presence
This represents an ideal opportunity for entrepreneurs seeking entry into the growing personal care industry or existing salon owners looking to expand their portfolio. The combination of proven profitability, prime location, and expansion potential makes this a compelling investment in Memphis's beauty services market.
This profitable nail salon offers an exceptional business opportunity in Memphis's thriving Whitehaven district, just blocks from Graceland. Established in 2022, this full-service salon has built a solid customer base and generates $125,000 in annual revenue through a proven business model.
BUSINESS MODEL:
Operates efficiently using independent contractors who pay $200 weekly table rent, ensuring consistent revenue with minimal management overhead. The flexible contractor arrangement allows new owners to retain current staff or bring their own team, as technicians operate without binding contracts.
PROPERTY FEATURES:
- 4,000 square foot freestanding building on high-traffic street
- Excellent visibility for walk-in customers and vehicle traffic
- Recently renovated 1,400 square foot upper level
- Dual income potential through additional services or suite rentals
- Strategic location near major tourist destination
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $125,000
- Investment: $55,000
- Monthly Rent: $3,100 (Triple Net Lease expires June 2028)
- Strong profit margins with established cash flow
- Buyer responsible for utilities and internet services
SELLER MOTIVATION:
Owner retiring and seeking to reduce daily operations, creating opportunity for motivated buyer to acquire turnkey business with immediate income potential.
GROWTH POTENTIAL:
The expansive two-story facility offers numerous expansion opportunities including spa services, beauty treatments, or rental income from upper-level suites. Prime location benefits from tourist traffic and established local clientele.
OPERATIONAL ADVANTAGES:
- Minimal staffing requirements due to contractor model
- Flexible management structure suitable for various ownership styles
- Established systems and processes in place
- Strong local market presence
This represents an ideal opportunity for entrepreneurs seeking entry into the growing personal care industry or existing salon owners looking to expand their portfolio. The combination of proven profitability, prime location, and expansion potential makes this a compelling investment in Memphis's beauty services market.
About the Business
- Years in Operation
- 4
- Employees
- Current tenants are contractors. No fulltime employees. Therefore, you can bring
- Facilities & Assets
- Approx 4,000 sqft of usable space. Currently being used as a Nail Salon, with eight nail tables and six luxury pedicure chairs. All the fixtures and equipment are in excellent condition.
This is a two stories facility. The upstairs has great income potential as it could be used as an investment property (you could sublease upstairs). Upstairs has 5 individual private suites/offices with a full bath.
This nail salon is located on a high traffic street with high visibility. Best of all, there is very no competition because there is no other nail salon located within three miles. This is the PERFECT location for a thriving nail salon & spa.
The business is a turnkey operation. You can start getting income on Day One. Prime location with bully equipped nail tables, pedicure chairs and fixtures. - Market Outlook / Competition
- Thriving Nail Salon & Spa, located in a high traffic street. Prime location with a free-standing building.
The upstairs has been completely renovated, it boasts 1,400 sqft of upstairs usable space. You could lease it out as suites or add services to the salon. The possibilities are endless.
This location is perfect for Dual Income!!
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- $3,100.00 per month
- Lease Expiration
- 6/30/2028
About the Sale
- Seller Motivation
- Seeking retirement and less day-to-day business operations.
- Transition Support
- Currently operating the Nail Technicians as Independent Contractors. They each pay $200 per week for table rent. Therefore, the income potential here is GREAT!! You can keep the current contractors or bring in your own staff. The current contactors are not under a lease agreement or contract.
The monthly rent is $3,100. You will be responsible for your own utilities and Wi-Fi services. This is a triple net lease.
Listing Info
- ID
- 2508598
- Listing Views
Business Location
Listing ID: 2508598 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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