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.
|Listing #:||2379||Asking Price:||$115,000|
|Location:||Sugar Land||Down Payment:||$115,000|
|Business Type:||Salon Suites||Sales Volume:||$145,677|
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