LOW MANAGEMENT RENTAL SALON SUITES BUSINESS - ASSET SALE

Established in 2023, this turnkey salon suites business in Portsmouth, VA offers an exceptional passive income opportunity in the thriving beauty industry. This asset sale includes a fully built-out facility with individual salon suites ready for immediate rental to beauty professionals.
INCOME:
Potential Gross Revenue $144,000 per year with all suites leased
Potential Net Take Home Revenue $84,000 per year with all suites leased

BUSINESS OVERVIEW:
This semi absentee-owner business model allows you to generate consistent rental income from independent beauty professionals including hairstylists, nail technicians, estheticians, and other service providers. The complete build-out eliminates the need for costly renovations, providing immediate cash flow potential.

Remaining lease term 3 years starting 10/1/2026, base rent $3,228.75, approximate square footage 2,700 sqft , On-site parking lot, Utilities not included, Suite rental rates range from $500-$1,000 a month per suite , 10 Suites Currently occupied / 5 Vacant suite count, security/access system are included in sale, and All new licenses/permits will need to be obtain by new buyer after closing.

Qualified buyers will receive additional financial information, rent roll, tenant lease information, equipment list, and supporting documentation after proof of funds and execution of a confidentiality agreement.

KEY FEATURES:
• Fully constructed salon suites ready for occupancy
• Established rental model with proven income potential
• Minimal hands-on management required
• Growing beauty industry market in Portsmouth area
• Individual suite rental structure maximizes revenue flexibility

LOCATION ADVANTAGE:
Situated in Portsmouth, Virginia, the business benefits from the area's growing beauty services market and proximity to the greater Hampton Roads region, providing access to a large pool of potential tenants.

OPERATIONS:
The business operates on a straightforward rental model where suite tenants pay monthly rent for their individual spaces. This creates predictable recurring revenue with minimal operational complexity. Tenants typically handle their own client bookings, services, and retail sales.

SUPPORT & TRANSITION:
The seller provides two weeks of comprehensive training covering all building systems, management applications, and operational procedures to ensure a smooth transition.

FINANCING OPTIONS:
Flexible financing accepted including cash, check, wire transfer, or business loan funding.

REASON FOR SALE:
Owner is moving across country

This represents an excellent opportunity to enter the beauty industry with an established, income-generating asset requiring minimal day-to-day involvement.