10 Ocean Ave Lynbrook, NY 11563
- Retail properties
- 1,500 SF
Current Use by Public Records
- Embellish nails / Nail Salon
Property Details for 10 Ocean Ave
- Property size
- 1,500 SF
- Property type
- Retail properties
Description
This thriving Lynbrook nail salon and spa is a turnkey opportunity for a savvy investor. Established over 20 years ago, the current owner has operated the business successfully for the past 9.5 years. The 1,500 square foot space underwent a complete renovation just three years ago, boasting a brand new ventilation system. The salon features eight manicure tables, six pedicure stations, two spa suites, a dedicated office, a comfortable client lounge area, and convenient in-house laundry facilities (washer and dryer) and a bathroom. The business currently operates five days a week, Tuesday through Saturday. A significant advantage is the remaining lease term of 6.5 years. Operating expenses include payroll for three full-time and two part-time employees (including associated taxes), rent (with a 4% annual increase), utilities (electricity, gas, water), insurance, Wi-Fi, and garbage removal. The property is situated in a row of stores with ample shared outdoor parking (20-25 spaces). This well-established business presents a rare opportunity to acquire a profitable and fully operational salon and spa in a desirable Long Island location. The strong existing client base and proven track record make this an attractive investment with significant potential for growth. The recent renovation ensures the space is modern and well-maintained, minimizing immediate capital expenditures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lynbrook
- County
- Nassau County
- State
- New York
- Longitude
- -73.6609
- Latitude
- 40.6668
