Beauty Salon Feasibility Study in the Las Vegas-Henderson-North Las Vegas, NV Metro Area

Little is published for Las Vegas salons

Much of this cell is suppressed. SBA approved 78 loans for beauty salons in the Las Vegas-Henderson-North Las Vegas area from FY2017 into FY2026, worth $24.9 million, every one in Clark County. Held back on thin counts are the 7(a) count, the 504 count, both loss rates and every yearly figure from FY2017 through FY2021. Held back never means zero.

What is printed

A median loan of $100,800 is 1.01x the class's national median, and loans in the central half run from $25,000 to $357,075. Franchised salons are 21.8% of loans. The location quotient is 1.15x, the area is 26 of 546 nationally for salons, while locally the class places fifth (5 of 39). Printed years begin with FY2022 (10 loans, $3.3 million), then FY2023 (11, $4.5 million), FY2024 (6, $5.3 million), FY2025 (10, $973,500) and FY2026 (8, $2.1 million).

Two holders

U.S. Bank, National Association appears with 20 loans and $892,200; Wells Fargo Bank National Association with 6 loans and a mere $85,000. The names are SBA's current holders, and the table is silent on how either bank treats a salon application.

What a lender can and cannot learn

With no cancellation or charge-off figure, a lender cannot see how Las Vegas salons performed. The size and mix figures show a small-ticket class in which franchising plays a real part, but not whether the loans closed or performed. A reader needing loss context should consult the Nevada and national salon pages, where the numbers are published.

Testing a Las Vegas salon

The study ought to count the chairs or suites the site holds, say whether stylists arrive with clients of their own, and model income after a departure. Rent and tenant-improvement costs are the main outlays, so they should be tested against revenue per chair in a slow first year. Franchise fees and brand standards, if any, enter the costs. The appraiser will find little collateral beyond equipment and improvements, so the case rests on earnings. Because the record is so thin, the study should be conservative and document its sources. Clark County is assigned using the July 2023 area list.