Nail salon for urgent sale as I live in another state and face difficulties managing the salon remotely.
The salon is located in Live Oak, Selma - Texas, 20 minutes away from downtown San Antonio.
Situated in The Forum shopping center, a large hub between San Antonio and neighboring cities, with direct access to San Marcos and Austin. Currently, the salon features:
> 8 chairs, 8 tables, 1 restroom. Spacious area of 1100 sqft
> 7 technicians (4 American, 3 Vietnamese): 6 technicians do everything, 1 specializes in CTN (no guaranteed salary for anyone, no family members working). Two technicians are currently in Vietnam and will return by the end of May; hence there are currently 5 technicians at the salon.
> Diverse clientele who enjoy long nails and intricate designs. Pedicure prices range from $32-$95 ($5 extra for regular polish, $20 extra for gel polish)
> Google Review: 542 at 4.6 stars
> Rent + Cam: $4,150
> Projected income for 2023: $450k (excluding cash)
> Last month's income: $39,500
> Selling price: $135k (negotiable as I need to sell quickly)
> Lease expires December 2025. Landlord has agreed to sign a new lease for either 5 or 10 years for the new owner.
> Landlord is very accommodating (only visited the salon once to greet everyone around)
> Security personnel always present around the salon.

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