Established business for sale - Minimal owner involvement.

Saint George, UT (Washington County)

Front Entryway
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Asking Price: $395,000

Cash Flow: $98,000

Gross Revenue: $200,100

EBITDA: N/A

FF&E: N/A

Inventory: $25,000

Rent: $8,333.33 /Month

Established: 2016

Established business for sale - Minimal owner involvement.

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Business Description

Don't miss this!! Beautiful, Mini-Salon (Concept Salon) for Sale!

This is a concept salon that leases beautiful, mini salon-suites to Beauty Industry and Medspa Professionals. Great, consistant cash flow! Located in the “fastest growing city in the United States” (according to the U.S. Census Data). Solid tenants and a current average occupancy of approximately 90%. Very minimal owner involvement in the business required.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
12/31/2022
Employees:
0
Facilities:
Beautiful facility with all furniture, fixtures and equipment included in asking price. "A" rating location with major anchor tenants surrounding the salon. Summary of Lease Terms Total Square Feet: 5,000 Lease Type: NNN Current Base Rent (plus CAM): $8,333.33 Lease Term: 4 years remaining on lease Options: Two 5 year options
Competition:
There is currently no competition in the area for this type of business!
Growth & Expansion:
Prices have never been raised on any of the suites in the business. New owner could increase each suite $15 - $25/week for an immediate increase of $16,380 - $31,200 for the coming year.
Support & Training:
2 day on-site training, and 2 weeks remote training included. If you would like to be completely "hands off" as the new owner, the current owner will consider running the business for you at a negotiable rate.
Reason for Selling:
Personal, but will explain to any serious buyer.
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Business Listed By:
Ashley Donovan

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