Absentee - Salon Suites Franchise
Not Disclosed, TX Harris County
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- RE: Absentee - Salon Suites Franchise
- Contact: Ron Hankamer
Quick Facts
| Asking Price: | $450,000 | |
| Annual Revenue: | $443,401 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $117,581 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $60,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 1 | |
| BBN Listing #: | 984895 | |
| Broker Reference #: | 76931-211090 |
Business Overview:
Absentee - Salon Suites Franchise in Central Houston
New listing. Highly desirable ABSENTEE business. This is a rare opportunity to join one of the premier franchise brands in the salon suites business with over 400 locations in the US and overseas.
The salon suites concept offers a simple and convenient service of subleasing its suites to spa and salon professionals who desire to run their own businesses without the obligation of long term leases. Leases are month-to-month to provide flexibility and includes utilities, internet, equipment, 24 hour access, shared luxury amenities and much more!
The business for sale, which opened in 2020, is located in an upscale shopping center in a busy part of central Houston. There are 39 individual suites that occupy a 7,000 sq ft building and average 90-95% occupancy.
Per seller's financials, rental income for 2024 was $443,401 with $117,581 in pro forma discretionary earnings. The listing price includes FF&E of $60,000 and Leasehold Improvements of $400,000. The owners live in Florida and want to focus on their other business interests closer to home. Owners will provide two weeks of training for a new buyer in addition to the training provided by franchisor.
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Property Features and Assets:
Monthly Rent: $18,927.00
Square Units (Foot, Meter): 7,000
Lease Expiration Date: May 31, 2031, 1:00:00 AM
Terms Options: 2 Five Year Options
Reason for Selling:
Other Business InterestsAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
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