We are pleased to announce the successful sale of a highly profitable, 100% absentee salon studio model with two established locations. This transaction represents an exciting transition for both parties involved.

The seller is moving on to pursue the next chapter in her entrepreneurial journey with a new business venture, leveraging her experience and success to explore fresh opportunities. The buyer, completing her first acquisition, is already planning additional acquisitions to strategically grow her portfolio in the salon and service industry.

This sale presented unique challenges, including navigating a landlord’s proposed 35% rent increase on a new lease, as well as ensuring full capacity for the business by finalizing new tenant agreements prior to closing. Despite these complexities, the transaction remained on track, resulting in a successful outcome for both buyer and seller.

The sale stands as a model example of effective planning, seamless transition, and strong value creation in the absentee business model sector.