Contact: Armen Haghverdi At 818-451-5984 Cell , 818-451-5984 Text - Also Email This Contact Below
Asking Price: $199,000 Down Payment: Call / Email
Annual SDC: $80,000
Annual Gross: $672,000
Business Address: None Given City: Glendale Zip: None Given
Attributes: Broker-Broker Coop, Semi-Absentee Run
SIGNIFICANT PRICE IMPROVEMENT!!! Upscale & profitable nail salon franchise, perfectly located in Glendale!!! Great opportunity to buy into a successful franchise with this high-end salon located just a couple blocks from The Americana!! This salon was built in 2016 with no expense sparred, build out was about $300,000. The salon has 10 spa chairs and additional nail bars. Huge inventory of high-end polishes and supplies.
This salon has successfully increased gross revenues by over $100,000 a year for the last few years with even great upside with the right owner!! The current owner turned profits after the first year in business and has done as an absentee-owner. The upside for this business is big, with the location being its advantage! Also, great opportunity for someone seeking e2-visa.
Rent is $8350/month including nnn & includes electricity! The current lease has 1 year remaining plus a 5 year option.
Gross sales are about $56k a month, nearly $700,000 in 2019. Rent $8350. Remaining utilities & insurance $450 a month. Cost of goods are $1500 a month. Payroll $28k a month. Royalties to franchise is 6% of sales. Net profit about $80,000 a year.
The above referenced numbers and figures are per the seller and are approximate. Broker has not verified. The buyer is to complete their own review of books and records during due diligence.
To get more information about this Nail Salon Franchise - Upscale And Profitable business for sale in
Glendale, Burbank Area please phone Armen Haghverdi (Intermediary, Agent - BRE License #:02088617) at 818-451-5984 Cell and 818-451-5984 Text - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #264533 on BizBen.com. In addition to phoning
Armen Haghverdi, make sure you email Armen Haghverdi above to get more info about this
Nail Salon Franchise - Upscale And Profitable, to ask any questions or request an appointment to see this
business for sale. Thank you.