Thriving salon suites businesses do not come up for sale very often, mostly because they are cash cows with VERY little owner involvement. This is the very rare opportunity to own an established, newer salon suites facility operating at about 90% capacity. Current owners estimate they spend less than 3 hours per week, with annualized cash flow to owners of approximately $140k. Salon suites businesses provide space for stylists and others in the personal services industry to operate independently in their own business. The salon suite owner is simply a landlord, and provides for a clean comfortable environment fr the tenants. It has been designed and built with the absentee owner in mind, with the capability to control almost everything in the building from a laptop, tablet, or phone. This is not a franchise, so no monthly royalty payments are required, everything stays in your pocket. Nationally, through a franchise it costs between $135-$180 per square foot to develop and establish a salon suites business, with the additional effort of filling it with tenants. This business is selling at approximately $90 per square foot, and is already 90% occupied with tenants on a one or two year lease. This facility was built in 2012, and the owners have built up a stable tenant but owners are selling for personal reasons. All communications to be strictly confidential and covered under NDA and Non-compete Agreements. If buyer is not willing to meet these terms, don't waste time contacting us.
Company is an established English-speaking cleaning service providing residential (and limited commercial service) to the Arlington, Mansfield, Kennedale and Grand Prairie area. Services include, regular weekly service, one-time cleans, move-in, move-out and priority style cleaning. Teams work in groups of one, two (regularly) and sometimes three, depending on the size of the job. The founder started the business from their home in August 2004. During their 12 years, the company has grown from two independent contractors to eight contractors, cleaning approximately 150-170 homes per month. Ticket average is approximately $125 per cleaning. The independent contractors supply their vehicles, equipment and cleaning supplies. The business is bonded at an annual cost of approximately $90. This NON-FRANCHISE business has EXCELLENT BOOKS AND RECORDS. The company is run from a home office, so no overhead is incurred. The owner takes care of monthly sales tax, weekly payroll, advertising, and oversees operations. He works approximately 5 hours per week. The owner's wife is manager and works 30-40 hours per week. Both the owner and manager are non-Spanish speaking. The business has unlimited growth opportunities for a new, aggressive owner. They have an A+ rating on Angie’s List with multiple endorsements from their many satisfied customers. The company currently has 3 teams (5 leads) cleaning approximately 150 homes per month. They have stability in the team leads, with two that have been with the company for 9 years, two for 2.5 years and one for 1 year. The owner expects that all contractors will stay with the business. The asking price for the assets of the business is $100,000 with $60,000 down and $40,000 balance seller-financed to purchasers approved and qualified by Seller for 3 yrs @ 6% (~$1,216.88/month). All financing is to be personally guaranteed. The assets include the business name, client base, website and FFE (Furniture, Fixtures and Equipment) described on the attached list valued at $1,000.
This establishment was setup to be a competitive player in the therapeutic massage service category. Massage therapy services are amongst the strongest of personal services. This establishment is in a key area of Mansfield Texas and is a consistent favorite among the locals. It is not currently a membership model, but easily converted. Perfect for anyone looking into a costly franchise model with none of the red tape. You have absolute freedom to customize business to fit your vision. Owner selling due to relocation and being an absentee owner. Was originally built out by owner to be a long term growth model in a very small business orientated community. Model was also created with a multi-unit setup in mind. Currently running with front desk associates and seven licensed massage therapists. Establishment is a legitimate licensed establishment.
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