Salon Suite Asset for Sale with Substantial ROI Upside Potential

Seller Financing Available

Newly renovated salon suite with long-term upside

This is a rare opportunity to get into a fast growing industry and new real estate asset class. Salon suites are coworking beauty and wellness spaces leasing out space to beauty professionals for 1+ year leases. This salon suite has ~40 suites and was just renovated last year to a more contemporary and modern look and feel, so very little to no investment will be required after close. The facility is currently at 50% occupancy with huge upside profitability through a local operator with knowledge of the market. The existing buyer is selling to focus on their stores located in Texas.

This is a chance to get into a highly reputable franchise and a fast-growing industry at a very reasonable price, at approximately 20% of the value to build a new store at current construction costs. Break-even occupancy is ~65% with all cash flow upside after that. Can achieve close to 100% ROI in YR1 if occupancy can be increased in the first year. Seller is willing to provide very favorable seller financing note to close this deal.