Luxury Salon Suites in Allen, TX

Collin County, TX

Luxury Salon Suites in Allen, TX
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Asking Price: $399,000

Cash Flow: $106,000

Gross Revenue: $262,500

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Rent: $7,700 /Month

Established: 2014

Luxury Salon Suites in Allen, TX

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Business Description

Luxury Salon Suites in Allen, TX

This is newly built salon suites in one of the busiest areas of Allen – the demographics are ideal for this business! The salon contains 30 suites of varying sizes – all for rental direct to independent operators like Hair Stylists, Beauticians, Massage Therapists etc. on a semi-yearly or yearly lease. 73% Suites are already rented, with little more capacity to fill. The business currently generates $19,755 per month of rental revenue. The initial proforma calls for about $106K of annual cash flow at that level.

At current advertised rates, the salon would generate in the range of $27,300 of monthly ($327,600 Yearly) gross revenue when full capacity is achieved.

This Salon suites provides their clients with the highest degree of customer service in an enjoyable, and beautiful setting. They offer the best salon and spa services. Whether it is a new hair style, a spa pedicure or a relaxing massage, this location has it covered.

Location is always talked about and how important it is, WELL.. THIS IS IT. It is situated in a prime shopping center with an ideal spot. There is plenty of parking, and visibility is… WOW!

This is a fantastic opportunity for someone who is considering building a salon suites business from scratch – all the challenging work of construction oversight is done! The finish out and furnishings are top notch. Most of the suites are already rented. This is a passive investment of time. Seller has decided to sell and reduce workload.

10-year lease on the 5,600 square foot space! There are also two 5-year lease extension options.

Asking price for complete salon as is $399K (+ Franchise License Transfer Fee).

For more information about this excellent opportunity email to AJAD12345@Yahoo.Com

Detailed Information

Location:
Collin County, TX
Real Estate:
Leased
Building SF:
5,600
Lease Expiration:
1/31/2024
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Great Potential for Growth
Reason for Selling:
Other Business Interest
Franchise:
This business is an established franchise
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Business Listed By:
AJ AD

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