This is a 3,250 square foot facility containing 15 single suites and two double suites. One suite is currently used for storage. The business averages 85% occupancy. These well-built salon suites are individually leased to hair stylists, manicurists, and cosmetologists. The stylists pay rent to the owner of the salon. Rents range from $160 per week to $274 per week. All tenants sign an initial one-year lease. The owner leases the entire space from the landlord of the shopping center. The storage suite could easily be converted to a rental unit. Currently, the owner spends about 3-4 hours per week at the business. This could easily be absentee owned.
|Listing #:||2345||Asking Price:||SOLD|
|Location:||Near The Woodlands||Down Payment:||$105,000 - WOW! REDUCED PRICE!|
|Business Type:||Salon Suites||Sales Volume:||$154,365 at 95% Occupancy|
|Discretionary Earnings:||$49,557 at 95% Occupancy|
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The information contained herein has been obtained from the Seller and other sources deemed to be reliable. No representation is made by Del Lingco International regarding the accuracy or completeness of this data.