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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.  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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