Business For Sale

Salon Suites-PENDING

Sugar Land, TX
Harris County


Asking Price: Annual Revenue:
$115,000 $144,677

Services: Hair, Nails, Spas, Tanning


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RE: Salon Suites-PENDING Broker: Dominick Caravella
License #: 9004224

Quick Facts

Asking Price: $115,000
Annual Revenue: $144,677
Net Profit: Not Disclosed
Cash Flow: $44,777
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 2
BBN Listing #: 106243328
Broker Reference #: 2379

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Business Overview:

This is a Salon Suites business whereby 2,450 square feet are divided into 12 separate rented suites rented to hair stylists on a weekly basis. The hair stylists pay rent to the owner of this business. The rent is based on the size of the suite and varies but average $250 per week for single suites to $300 to $350 per week for larger suites. The stylists keep all the revenue, less their weekly rent, of course. It is much more economical and profitable for stylists with a following of clients to operate this way. The rent the stylist pays includes utilities. They (stylists) charge whatever they want to their clients. The stylists/tenants are primarily on a one-year lease. Most have been there a very long time. The business was established in early 2004. The owner is moving out of state. He is totally absentee only going to the business once every month for two hours. This is an absentee owned business. A manager is on site and is also a tenant getting a $25 per week discount from her rent to perform the management duties. There is one vacancy out of the 12 suites. This will sell very fast. Hurry if you want this.

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Reason for Selling:

Moving out of state.

Additional Details:

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

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