Passively Owned Salon Suites

West Hartford, CT
Hartford County


Asking Price: Annual Revenue:
$518,000 $568,450

Commercial Real Estate: For Lease Commercial Properties


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RE: Passively Owned Salon Suites Broker: Cortney Sells

Quick Facts

Asking Price: $518,000
Annual Revenue: $568,450
Net Profit: Not Disclosed
Cash Flow: $224,470
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 2
BBN Listing #: 433934398
Broker Reference #: SLF010

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Business Overview:

A 10% down payment of $51,800 returns $147,532 in the first year after debt payments! This salon suite franchise business has a loyal and established client base including multiple customers that have been with the business since its origins in
2015. This business is fiercely focused on client services because they know that as the host of a multitude of businesses, their name is intertwined with all their customers branding. This business offers spa-based business owners the opportunity to run their business out of a well trafficked location with amenities including well-maintained space, business partnership opportunities, educational workshops through the franchise, and a complimentary concierge service. The location for this business is a 10,000 square feet facility in West Hartford, CT with 44 suites for different clients to utilize. The current owner is looking to sell due to recent health issues coming to light. He has a passive role in the business which includes checking in with tenants as preferred and he likes to purchase everyone lunch once a month. New ownership would not need to hire a replacement and could easily step into this role with the 3-6 month offered transition period.

This business is unique in its ability to not only provide business owners an opportunity to live their dream without worrying about the details of running a business, but also the sense of comradery it evokes in customers. This establishment has created a major networking opportunity for businesses and a community of like-minded individuals working to build their dreams. New ownership could expand this community in a few ways. The current location has 1,000 sq. ft. that has not been converted into suites but could be. A buyer could also utilize the excellent reputation and long-standing clients to expand into an additional location.

Priced at $518,000, A 10% down payment of $51,800 returns $147,532 in the first year after debt payments! This unique business has little local competition and is the prime choice for new and returning clients alike. Often, customers that have left their location to work in a separate boutique have returned for the lowered overhead costs and responsibilities as well as the individuality and community offered.

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Market Competition and Expansion:

Expanding into the remaining 1,000 sq. ft. of the current location or growing into an additional location.

Reason for Selling:

Cancer Diagnosis

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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