Absentee - Salon Suites Biz in NW Houston

Houston, TX
Harris County


Asking Price: Annual Revenue:
$1,200,000 $1,329,656

Commercial Real Estate: Retail & Shopping Centers


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RE: Absentee - Salon Suites Biz in NW Houston Broker: Ron Hankamer

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,329,656
Net Profit: Not Disclosed
Cash Flow: $257,088
Total Debt: Not Disclosed
FF&E: $155,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 2
BBN Listing #: 43544107
Broker Reference #: 76931-498337

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Business Overview:

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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

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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