Nail Salon For Sale in Northwest Washington, DC

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Nail Salon For Sale in Northwest Washington DC
Asking Price:
$199,000

Gross Revenue:
$600,000
Cash Flow:
$120,000
EBITDA:
$120,000
Inventory:
$5,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Highly visible from busy 18th St corridor. Corner location just blocks away from Washington Hilton. Established over 20 years. Good business with high growth potential with the right owner. Great neighborhood with lots of restaurants, condos, apartments and foot traffic. Most equipment/furniture are newer. Owner just replace all the pedicure chairs. Will sell fast!! Don’t miss this opportunity!!!

About the Business

Year Established:
1997
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
2,800
Rent:
$43.00 Per Month
Lease Expiration:
9/30/2026
Facilities:
2,800 square feet in highly visible location with good signage. Corner lot. Heavy car and foot traffic. Aside from the main area for manicure/pedicure services, there are 5 additional rooms-2 for waxing/facial, 2 for massage, 1 for office or storage. In addition, there is a small area for kitchenette, eating space for employees. Separate toilet for employee and customer (2 in all).
Market Outlook/
Competition:
Very established with high growth potential for the right buyer. Most competitors have smaller spaces and/or located in basement or upper levels. This salon occupies 2 normal spaces so customers do not have to use stairs.
Growth & Expansion:
There are definitely space to grow. Either hiring more nail techs, promote the massage business or add additional services such as skin care, eyelash extension, etc.
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About the Sale

Reason For Selling:
Personal/family reason
Training/Support:
Seller will stay a short time to acclimate new owner. Most nail technicians will stay if desired.

Listing Info

ID:
1453928
Ad Detail Views:
989

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$
months
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Business Listed by

Vinh Nguyen

Westgate Business Group, LLC
License# Licensed in DC, VA, MD

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