Office ID: #001010
High-end beauty salon specialized in lash extensions and other services is available for acquisition. This business was established by the current owner in 2017. Various services and retail products are provided at this business ranging from lash, facial, permanent make-up, training class, etc. This business is in a 1,800 SF space of power center located next to the major highway of a city with heavy traffic and nearby densely populated residential area and numerous businesses that attract a number of people to the area. The majority of the customers are middle to upper-class women that live in the surrounding densely populated residential neighborhoods and traffic from the nearby highway. Although there are several competitors in the immediate market area, the business is the closest to the highway among those competitors, making it convenient to visit than others. Also, the business priced their services at a competitive price point that is much more reasonable than the competition. Gross sales average for the business has been consistent over the last several years in the range of $30,000/month to $32,000/month without any marketing except through word of mouth that has increased each year without fail. After COVID-19, the sales dropped to $22,000/month that has been steadily returning back to normal with profitability not being affected drastically due to the low cost of products and a decrease in other expenses. Currently, only 10 rooms are being used for lashes out of 14. The 300-400 SF unused rooms are used for storage and by utilizing these spaces to bring more customers, the sales will instantaneously increase. Currently, minimal to none marketing is in place, and proactive marketing methods such as social media outlets, email marketing, web-based advertisements, expand services, direct mailing, membership, loyalty programs, etc. are needed to be fully utilized to achieve maximum income potential. This business has an established customer base and has so much more potential for an owner who could put more effort into marketing and taking advantage of the unused space in the building to fully reach its financial potential.
This business is located in a 1,800 SF space of power center in the hub of a strong retail zone in a city surrounded by a full of national retail stores, numerous businesses, and fast-food restaurants, which creates tremendous foot traffic. All equipment is well-maintained and in excellent working condition.
There is currently no marketing done to proactively grow the business.
The business is optimally placed in a power center next to a major highway and is easy to access with great visibility than other competitors.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.