Franchised Salon Suite Business: Owner Absentee

Palm Beach County, FL

Franchised Salon Suite Business: Owner Absentee

Asking Price:$375,000

Cash Flow:$48,000

Gross Revenue:$336,000

EBITDA:$48,000

FF&E:$400,000

Inventory:N/A

Established:2015

Franchised Salon Suite Business: Owner Absentee

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Business Description

Operational franchise in the very popular category of the salon suites concept, whereby owners build-out a large space of beautiful salon suites and rent out individual spaces to salon operators who want the privacy and convenience of having their own self-contained unit to do business in an upscale spa-like setting. This franchise is located in prestigious part of Palm Beach County, and opened for business in June 2015. Containing 28 suites (with access to elevators and a parking structure upstairs), the owner spent over $400K on the build-out. Asking price only $375K; absentee owner desires to sell due to serious illness in the family and a desire to scale back their business interests. Master lease is $21K/month in total rent. Business also incurs about $3K/month in operational costs to run the premises (including two part time site managers). If all suites are rented out, monthly gross income will be $28K/month (and grow every time with rent increases). Other similarly situated franchisees are normally at 95-100% occupancy. Typically takes franchises 9-18 months to fill up, and this franchise is ramping up from 78% occupancy and expects to be totally full by year-end. Great return on investment for absentee ownership. Over 8,000 stylists within 3-4 zip codes of the franchise, so plenty of room for marketing. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.

Detailed Information

Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
two weeks
Reason for Selling:
illness in family
Franchise:
This business is an established franchise

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martin berliant

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martin berliant

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