Rental of private suites to beauty professionals

Murfreesboro, TN (Rutherford County)

Rental of private suites to beauty professionals
Contact Seller

Asking Price: Get Financing: $5,038,353

Gross Revenue: $619,028

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: N/A

FF&E: N/A

Year Built: 2001

Rental of private suites to beauty professionals

Get Financing Save Print Share Valuation Report

Property Description

Rental of private suites to beauty professionals

For more than 15 years, Salon Suites Murfreesboro has served the beauty professionals in the community by leasing private salon suites to hair stylists, nail and massage therapists, and related beauty professionals, which own and operate their own businesses. This opportunity is to purchase the real estate at three separate locations in Murfreesboro, the leasing businesses located upon those properties, and a 1.5 acre retail out parcel. The three leasing businesses have a total of 62 private suites generating regular income. One property includes a bowling alley as a tenant.

The businesses for sale have No Employees, rely upon a 15 Year Established and Perfected Business Model, receive Weekly Income via ACH Drafts, minimizing collection issues, equating to same as 13 Months a Year of Income for each beauty professional tenant. The businesses involve leasing and property management in a landlord-tenant relationship with passive income.

Attached Documents


Detailed Information

Type:
Other Business Real Estate
Building Status:
Established
Facilities:
One property has 43,000 square feet with 18 suites and a bowling alley as a tenant. Another property has 14 suites. The third property has 6,840 square feet and 30 suites, with a 1.5 acre retail lot in front. Most suites contain an inventory of furniture and fixtures that are included as part of the leases to the beauty professionals.
Reason for Selling:
Partners are divesting of joint holdings to allow pursuit of individual goals
Current Property Expenses:
Detailed expenses will be provided upon serious inquires.
Location Description:
Salon Suites Murfreesboro was the first "suite-concept" salon in the City. There is now one other beauty professional suites business operating in Murfreesboro. They charge approximately 30% more to lease a comparable suite. The competition has not had an impact on keeping the suites occupied.
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Property Listed By:
Orville Norton

Show Phone Number

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1517877 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


FocalPoint Business Coaching

Franchise Opportunity
Capital Required: $65,000