|
Excellent opportunity to acquire a well-established, high-volume nail salon located in a busy shopping center on Smithtown Blvd in Nesconset, Long Island. This profitable business generates approximately $900, 000+ in annual gross revenue, supported by strong repeat clientele and consistent walk-in traffic. The salon is fully built out with 10 manicure stations and 8 pedicure chairs, offering a comfortable and modern environment for both customers and staff. The space is approximately 1, 500 SF, featuring high-end renovations with no additional capital improvements required. The business is fully operational with an experienced and stable staff in place (approximately 8 employees in winter and up to 12 during peak summer season), allowing for a smooth transition to a new owner. Monthly expenses include: Base Rent: $3, 998 CAM: $900 Real Estate Taxes: $430 Total monthly occupancy cost: approximately $5, 328 Lease term has approximately 5. 5 years remaining (additional options to be verified), providing long-term stability. Located in an affluent neighborhood with strong demographics, the salon benefits from high tipping clientele and steady revenue year-round. Ideal for both owner-operators and investors. Seller is motivated and willing to cooperate for a smooth transaction.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$458,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $366,400 | $366,400 | $366,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,167 | $2,256 | $2,970 |
| Total Monthly Payment | $2,242 | $2,331 | $3,045 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.