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Old 10-26-2012, 07:46 PM   #1
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Question Anyone own or know someone who owns a nail salon?

My girlfriend is thinking about buying one or opening one up next year. She manages one right now and when she was married her and her husband owned a few of them in FL. I'm curious if anyone owns one or knows anyone who owns because I may be interested in being a part owner with her.
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Old 10-26-2012, 08:02 PM   #2
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My girlfriend is thinking about buying one or opening one up next year. She manages one right now and when she was married her and her husband owned a few of them in FL. I'm curious if anyone owns one or knows anyone who owns because I may be interested in being a part owner with her.
Isn't this racist since she an Asian woman?
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Old 10-26-2012, 08:41 PM   #3
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if not viet, no business to be in that business...
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Old 10-26-2012, 08:52 PM   #4
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Is she Viet or Phillipino?
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Old 10-26-2012, 09:14 PM   #5
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du ma
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Old 10-26-2012, 09:23 PM   #6
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Yes she is viet and speaks it fluently.
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Old 10-26-2012, 09:42 PM   #7
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Yes she is viet and speaks it fluently.
but you don't.

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Old 10-26-2012, 10:12 PM   #8
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but you don't.

LOL...she was born in the US.
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Old 10-26-2012, 11:20 PM   #9
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This girl is good. Love her Vietnamese accent impression. It is spot on.

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Old 10-27-2012, 12:12 AM   #10
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Not exactly a business you want to get into, very cutthroat, and there is one on every corner. To make money, you need to go somewhere where there is no competition, which is very hard. You have people who will work for you, save every penny and open a shop right next to you and will try to charge less. I have friends who had them, one had 11 salons and managed them. He sold them all, opened a liquor, wine store, and owns a lot of commercial real estate. It used to be extremely profitable but it's harder to make money these days. I still have a friend who owns a successfully salon but most of his clients are wealthy. He doesn't have to worry about competition, he charges a premium and provides premium service. His place has turned into a meeting hall for the wealthy stay at home moms.
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Old 10-27-2012, 12:53 AM   #11
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Yes she is viet and speaks it fluently.
if shes been in the business then she'll be OK. How Viet pays their employees, politics etc. My aunt owns 2 but not here in CA...too many competition. My GF aunt also floats arounds.
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Old 10-27-2012, 01:26 AM   #12
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How Viet pays their employees
Do they pay them in pho or something?
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Old 10-27-2012, 03:04 AM   #13
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Not exactly a business you want to get into, very cutthroat, and there is one on every corner. To make money, you need to go somewhere where there is no competition, which is very hard. You have people who will work for you, save every penny and open a shop right next to you and will try to charge less. I have friends who had them, one had 11 salons and managed them. He sold them all, opened a liquor, wine store, and owns a lot of commercial real estate. It used to be extremely profitable but it's harder to make money these days. I still have a friend who owns a successfully salon but most of his clients are wealthy. He doesn't have to worry about competition, he charges a premium and provides premium service. His place has turned into a meeting hall for the wealthy stay at home moms.
I understand that and that's why location is very key. You not only need to be in the right location for the clients but also in the right location for the workers. She understands the operations side of business backwards and forwards since she ran a few locations in FL with her ex husband. She knows how to spot good employees, keep them motivated, the right pricing strategy, which services to offer customers, etc. I can provide the commercial real estate experience, lease negotiation, financing knowledge, accounting/tax side, and budgeting/forecasting skills.
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Old 10-27-2012, 03:16 AM   #14
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my step mom owns one here in houston, its quite profitable...at least from what i can tell she just bought a brand new lexus rx
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Old 10-27-2012, 05:02 AM   #15
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my step mom owns one here in houston, its quite profitable...at least from what i can tell she just bought a brand new lexus rx
How many stations does her salon have?
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Old 10-27-2012, 09:28 AM   #16
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move to ms....make good money and shops cost around 35k
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Old 10-27-2012, 10:58 AM   #17
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I'd be happy to pull some transaction multiples for you so you can see what they usually sell for. Pm me your email address if your interested
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Old 10-27-2012, 03:11 PM   #18
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5 stations, but usually only 3 are occupied
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Old 10-27-2012, 03:36 PM   #19
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Better call Saul. He has one for sale and can give you some info.
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Old 10-28-2012, 02:14 PM   #20
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Better call Saul. He has one for sale and can give you some info.
Down in Orange County?
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