Established Salon Suites Rental Business for Sale at a Great Location
Business Description
This is a profitable and established salon suite rental business that has served the Plano community for 24 years. The business offers independent beauty and wellness professionals private, upscale suites where they can operate their own practices while benefiting from shared amenities, management support, and a prime retail location.
The business currently operates at 85% occupancy, with 40 out of 47 suites rented to long-standing tenants and an additional 7 suites available for expansion. Services offered by tenants span the full spectrum of beauty and wellness, including hair styling and coloring, barbering, facials, lash and brow care, nail services, and spa treatments.
This business generates steady weekly rental income, supported by loyal tenants (80% of whom have been in place for over five years) and a strong reputation in the local market. The facility is 10,000 sq. ft. of professionally designed space and carries a lease through February 28, 2029.
The business is being offered for sale due to the owner’s family responsibilities (young kids), presenting a unique opportunity for a new operator to take over a well-run and consistently profitable salon suite business in one of North Texas’ most desirable markets.
The business currently operates at 85% occupancy, with 40 out of 47 suites rented to long-standing tenants and an additional 7 suites available for expansion. Services offered by tenants span the full spectrum of beauty and wellness, including hair styling and coloring, barbering, facials, lash and brow care, nail services, and spa treatments.
This business generates steady weekly rental income, supported by loyal tenants (80% of whom have been in place for over five years) and a strong reputation in the local market. The facility is 10,000 sq. ft. of professionally designed space and carries a lease through February 28, 2029.
The business is being offered for sale due to the owner’s family responsibilities (young kids), presenting a unique opportunity for a new operator to take over a well-run and consistently profitable salon suite business in one of North Texas’ most desirable markets.
About the Business
- Years in Operation
- 24
- Facilities & Assets
- The premises occupies 10,000 sq. ft. of professionally designed space configured for maximum flexibility and tenant satisfaction. The facility includes:
• 47 total suites and 7 available suites for new tenants.
• Suites includes features such as full-window doors, 10-foot ceilings, private keypad locks, styling chairs, and towel storage cabinets.
• Shared amenities including modern waiting areas, shampoo stations, on-site laundry, complimentary Wi-Fi, and professional cleaning services seven nights a week.
• 24/7 tenant access with advanced security - Market Outlook / Competition
- Although several salon suite businesses operate in the Dallas-Fort Worth market, this business benefits from clear competitive strengths:
•Prime location in Collin County's busiest retail corridor, next to a major mall.
•Tenant retention, with 80% of tenants operating here for more than five years.
•Established reputation, supported by consistent positive client reviews (4.6/5 Google rating) and word-of-mouth referrals.
•Upscale amenities including nightly cleaning, high ceilings, secure access, and well-maintained common areas. - Opportunities for Growth
- With occupancy currently at 85%, the most immediate growth opportunity lies in leasing the 7 remaining suites, which would bring the business to full capacity. Additional growth levers include:
•Rental rate adjustments to align with current market conditions.
•Expanded amenities (additional laundry capacity, marketing tools, or tenant events) to further attract high-quality professionals.
•Marketing initiatives to highlight available suites
•Replication of the proven model in other locations where demographics/demand support further expansion.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 10,000
- Rent
- $23,659.00 per month
- Lease Expiration
- 2/28/2029
About the Sale
- Seller Motivation
- Family responsibilities (young kids)
- Transition Support
- Seller will train the buyer at no cost for 2 weeks
- Financing Options
- $100,000 for 2 years at 0% interest
Listing Info
- ID
- 2416220
- Listing Views
Listing ID: 2416220 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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