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SOLD

Executive Summary

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
Discretionary Earnings: $49,557

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