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Solid Salon suite, Money maker for sale

Plano, TX
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Asking Price:$749,000
Gross Revenue:$550,000
EBITDA:$165,000
Established Year:2012
Cash Flow:$165,000
Inventory:$5,000
FF&E:$100,000
Listing ID: 2247620Listing provided by BizBuySell
BUSINESS DESCRIPTION

Collin County Salon Suite, best Return on your investment. Semi absentee

Established salon suites for over ten years. It is in a great location, with heavy traffic, and many parking spaces. It has a great layout design. It is very popular among all independent contractors, hair stylists, nail techs, and facial artists to glamour all clients. All tenants will vouch for the salon and its name, and it is such a friendly place to work with an excellent ambiance. It is a pleasant place for them to care for their individual clients. Very modern salon suites that make great money and have the financial reports to back it up.

DETAILED INFORMATION
Location
Plano, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
10,750
Lease Expiration
31/12/2027
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 10,750 Sq ft Salon suites with 50 suites has been running at 90% or better occupancy. Potential to make $200,000 easily. All equipment is working great and operational. AC units are in great shape.
Competition
There are Competitions in the area of 5 to 10 miles, but this salon has always been successful since it is centrally located in upper class, upper-income shopping and residential areas, attracting better hair stylists to rent from you.
Growth & Expansion
Possibly, with a little upgrade in the salon, some additional marketing and advertising could increase revenue and more ROI.
Support & Training
The seller will train the incoming owner for 14 business days (two weeks, including the weekends) and 4 to 6 months for any phone communication support. This should be an effortless transition since the current seller does not spend much time there. Money maker for years to come.
Reason for Selling
Other business ventures
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Allen
Faradineh
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Allen Faradineh
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