Listing Number: 76931-498337
The salon suites concept offers a simple and convenient service of subleasing its suites to spa and salon professionals who desire to run their own businesses without the obligation of signing long term leases. Lease terms vary between 3 months to one-year and provide flexibility depending on how much space is needed. Also, the buildout and amenities are top notch and include utilities, wifi, and secure 24-hour access included in the low monthly rate.
This is a package of 2 salon suites businesses for sale that are located in upscale shopping centers in northwest Houston. These suites occupy between 7,000-11,000 square feet, average about 90% occupancy, and only require 1-2 employees.
Per seller's financials, rental income for 2019 was $1.3M with $257,088 in earnings (including managers). The listing price includes FF&E of $155,000 and Leasehold Improvements of $1,050,000. The seller is ready to retire and will provide two weeks of training for a new buyer.
This opportunity is perfect for someone looking for a stable and profitable business that can be run absentee. The current managers are also willing to stay if buyer prefers.
- Price: $1,200,000
- Down Payment: $1,200,000
- Sellers Discretionary Earnings: $257,088
- Total Sales: $1,329,656
- Location: Harris County, Texas
- Inventory: $0
- FF&E: $155,000
- Employees: 2
- Year Established: 2016
- Reason for Selling: Retirement
- Category: Beauty/Personal Care