Business For Sale

Luxury Salon Suites in Plano, TX

Plano, TX
Collin County

High traffic area

Asking Price: Annual Revenue:
$399,000 $276,000

Services: Hair, Nails, Spas, Tanning

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RE: Luxury Salon Suites in Plano, TX Broker: Larry Lane
Owner Financing is Available!

Quick Facts

Asking Price: $399,000
Annual Revenue: $276,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $350,000
Real Estate: Not Disclosed
Year Established: 2107
Employees: Not Disclosed
BBN Listing #: 442643628
Broker Reference #: 42060215

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Business Overview:

This is a newly built salon suites in one of the busiest areas of Plano – the demographics are ideal for this business! The salon contains 22 suites of varying sizes – all for rental direct to independent operators. A few tenants are already in place, with much capacity to fill. The business currently generates $10,000 per month of rental revenue. At current advertised rates, the salon would generate in the range of $23,000 of monthly gross revenue when full capacity is achieved. The initial proforma calls for about $120,000 of annual net profit at that level!
This is a great opportunity for someone that was/is considering building a salon suites business from scratch – all the hard work of construction oversight is done! The finish out and furnishings are top notch. Seller has decided to sell and reduce workload, although may be willing to stay as a tenant as well.
10 year lease on the 9,200 square foot space!
Asking price for complete salon as is $399,000. Seller may be willing to provide limited financing for a qualified buyer.
For more information about this excellent opportunity please contact us.

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Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • 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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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