Salon Suite Rentals for Sale in Palm Beach County

Not Disclosed, FL
Palm Beach County

Asking Price: Annual Revenue:
$535,000 $213,356

Services: Real Estate

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RE: Salon Suite Rentals for Sale in Palm Beach County Broker: Marcelo Jo

Quick Facts

Asking Price: $535,000
Annual Revenue: $213,356
Net Profit: Not Disclosed
Cash Flow: $128,391
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 3
Employees: Not Disclosed
BBN Listing #: 9623630
Broker Reference #: Not Disclosed

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Business Overview:

Well known shared workspace business is being offered for sale. Business leases 3,200+ Square Feet of retail space which is divided into 18 fully built out and furnished business suites. Sublessees sign 1–2-year leases and operate their own enterprise with freedom to customize their suite to their taste. This shared contemporary workspace concept offers entrepreneurs the chance to “be their own boss” without the initial buildout investment and typical overhead i.e. utilities, water, wi-fi, alarm which are included in their rent. Renters have a very elegant high end set up with an excellent working environment. Washer and dryer on premises.

Owner works a few hours per week to operate this almost passive investment business. No employees, inventory, or Accounts Receivables. A proven operational model which Buyer could leverage to build additional centers or franchise the concept. Financials are pro-forma as if fully rented. Please refer to listing number 0101989468 and business broker Marcelo Jo - when inquiring. Thank you!

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Property Features and Assets:

Lease/Month: $5,474; Square Footage: 3,200; Building Type: Commercial; Terms & Options: 5y + 1 x 5y option; Expiration Date: 11/1/2023.

Market Competition and Expansion:

Non Compete: Miles: 10 Years: 2

Reason for Selling:

Other interests.

Additional Details:

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

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