Established Salon Suite Rental Business
West Palm Beach, FL Palm Beach County
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- RE: Established Salon Suite Rental Business
- Contact: Russell Cohen
- License #: SL679527
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $143,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $34,558 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $130,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 949276 | |
| Broker Reference #: | 1287-00001 |
Business Overview:
Reason for Sale: Retirement- Established Salon Suite Rental Business in Palm Beach County. Semi Absentee Ownership. Simple to Run/No Employees. Established since 2019 helping beauty care professionals by providing them a great work environment. Rent $5640/mth -3240 Sq ft location with a lease extending to 2029. Ample parking. Great books & records. Seller will provide training to teach the administrative side of the business. 2023 Sales $143k with an owner benefit $34k. Ample parking. Lease extends to 2034. If a new owner can get to 100% capacity with room sharing then the sales revenue can exceed $319k.
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Property Features and Assets:
Commercial Office facility- Rent $5,694/month Lease expires 1/31/2029 - Square feet 3,240 - Options One - 5 year.
Market Competition and Expansion:
Competition: 3 or 4 Salon Suites in Palm Beach County
Growth & Expansion:Get more renters to get to 100% capacity
Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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