This is a 3,250 square foot facility containing 15 single suites and two double suites. One suite is currently used for storage. There is a break-room with refrigerator, sink, microwave and seating area. There are 2 vending machines (snack/drink), and a washer and dryer room. The business averages 94% 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 $285 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 5 hours per week at the business. This could easily be absentee owned.
|Listing #:||2312||Asking Price:||SOLD|
|Location:||North Houston||Down Payment:||$120,000|
|Business Type:||Salon Suites||Sales Volume:||$154,365|
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