PRICE REDUCED - Luxury Salon Suites

Plano, TX (Collin County)

Seller Financing Available
PRICE REDUCED - Luxury Salon Suites
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Asking Price: $360,000

Cash Flow: $120,000

Gross Revenue: $276,000

EBITDA: N/A

FF&E: $350,000

Inventory: N/A

Rent: $0.00

Established: 2018

PRICE REDUCED - Luxury Salon Suites

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Business Description

This is a newly built salon suites in one of the busiest areas of Plano – the demographics are ideal for this business! The salon contains 23 suites of varying sizes – all for rental direct to independent operators. A few tenants are already in place, with much capacity to fill. The business currently generates ~$10K per month of rental revenue. At current advertised rates, the salon would generate in the range of $25K of monthly gross revenue when full capacity is achieved. The initial proforma calls for about $120K of annual net profit at that level!
This is a great opportunity for someone that was/is considering building a salon suites business from scratch – all the hard work of construction oversight is done! The finish out and furnishings are top notch. Seller has decided to sell and reduce workload, although may be willing to stay as a tenant as well.
10 year lease on the 4,800 square foot space!
Asking price for complete salon as is $360K. Seller may be willing to provide limited financing for a qualified buyer.
For more information about this excellent opportunity email llane@vrdallas.com

Detailed Information

Location:
Plano, TX
Real Estate:
Leased
Building SF:
4,800
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Seller may consider minimum financing for qualified buyer
Support & Training:
Seller will assist with transition
Reason for Selling:
Other interests
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Contact the Seller

(from currently available funds)
 
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Larry Lane

Business Listed By:
Larry Lane

VR Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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