Nail Salon (Pasadena) $60,000 "Sold"

Gross sales not including the cash is $23,750 and the net is around $5,000.
2020 sales was over $80k and we were only operating in Jan, Feb, and half of March (our slowest months for nail biz), and for only about two weeks in June/July. I pay my employees 50/50 commission
Last year, tips were about $10,000 for the over $80,000 in sales.
This is an absentee owner.
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# of Employees (Full/Part time)
5Payroll
7000
Gross rent around $3200 with 3% increase annually. 1200 sq ft. 2 year left lease +2 yr option
​Lease Security deposit
2 months rent
Insurance
100
phone & internet
75
electricity
100
gas
30
Inventory is included
3000
Opening Hour
10am - 7pm
Store Size(sf)
1200
How Long Present Owner
2 years
​reason for sale
Moved

Luxurious and profitable Nail Bar located in the prime location in Pasadena. The owner has made significant improvements that offer their clients an unique and attractive environment in which to feel pampered. It is in a prime location which offers heavy traffic and Yelp rated 4 out of 5! With stable income and great cash flow, don't miss this great opportunity to own this profitable small business!
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Are all the employees staying behind with the business?
Yes. Very likely and that all live very close by. 
Yes. There are two managers in the store helping the owner to run the business.

​Do not talk to the owner and employees.

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