Nail Salon for Sale – Over 10 Years in Business – Downtown Toronto
Asking Price: 199,000 CAD. An established nail salon operating in the Downtown Toronto area for over 10 years. According to the seller, the salon has a stable loyal customer base and good revenue; data must be verified through financial statements and tax records.
Location and Premises
Located in a high-density residential and condo area; nearby amenities include Tim Hortons, No Frills, and various convenience stores. According to the seller, there are approximately 50–60 condo towers in the surrounding area. The lease has 2 years remaining with an option to renew for an additional 5 years, subject to contract terms and landlord approval for transfer.
Equipment
- 8 pedicure chairs and 10 manicure stations
- 1 waxing room, 1 restroom
- Washer and dryer on-site
Transfer Benefits
The seller states that the buyer can continue to use the existing brand name, operating system, price list, general marketing activities, and Instagram, or rebrand the salon. There are no additional franchise fees or recurring brand usage fees, according to the seller. Support for the handover, training, and initial management guidance may be negotiated.
The current system holds data on over 50,000 customers, according to the seller.
Work Permit Opportunity for Buyers
Foreign entrepreneurs may be eligible to apply for a C11 – Temporary Work Permit for Entrepreneur if they can demonstrate significant benefit to Canada and meet all program requirements. Buying a business does not guarantee the issuance of a Work Permit or permanent residence. This is not an automatic PR program.
Due Diligence Checklist
Actual revenue and profit, tax filings, rent and operating expenses, lease agreement, licenses, debts and labor obligations, equipment condition, brand usage rights, and access to the customer database.
FREQUENTLY ASKED QUESTIONS
What is the asking price for the salon?
How long has the salon been operating, and where is it located?
How many chairs, stations, and facilities does the salon have?
How much time is left on the lease?
Is the salon's revenue and profit verified?
Does the sale price include equipment and branding?
Can I rename or change the business model after purchase?
Does the seller provide handover and training support?
Can I view the salon before deciding to purchase?
Can I apply for a C11 Work Permit by buying a nail salon?
Does buying the salon lead to permanent residence (PR)?
Can a buyer outside of Canada purchase the business?
Aside from the 199,000 CAD, what other costs should I expect?
Is the 0 CAD consultation fee on the website the price of the salon?
How can I receive more information or book a consultation?
Can the business hire foreign workers?
It may be evaluated if there is a legitimate position, legal business operation, financial capacity to pay wages, and valid personnel needs. For this business model, one might consider nail technicians or management roles, depending on actual requirements. Opening or buying a business does not automatically grant the right to hire foreign workers.
- TFWP / LMIA: Assessment of the position, NOC, wage level, recruitment efforts in Canada, financial capacity, and employer compliance. Labor caps and restrictions on low-wage applications depend on the region, industry, and regulations at the time of submission.
- C16 – Francophone Mobility: May consider hiring individuals with French language proficiency at NCLC 5 or higher for jobs outside of Québec, provided all conditions are met; exceptions exist for certain primary agricultural jobs.
Hiring foreign workers does not replace the mandatory positions reserved for Canadian citizens or permanent residents under the entrepreneur program. The entrepreneur’s own Work Permit and the employees' permits are assessed separately.