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:||$120,000|
|Location:||Near The Woodlands||Down Payment:||$120,000|
|Business Type:||Salon Suites||Sales Volume:||$154,365 at 95% Occupancy|
|Discretionary Earnings:||$49,557 at 95% Occupancy|
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