Lease Takeover for Salon Suite with Substantial Upside Potential
Business Description
This is a lease takeover/assignment of an existing salon suite that was renovated just 2 years ago. The occupancy is currently just below breakeven due to lack of marketing spend and day-to-day management due to relocation of the manager. There is ~$150k of EBITDA upside at this location if filled to 95% occupancy. Ownership has relocated to the south and focusing on other businesses and looking for a quick transfer of the lease. Serious inquiries only.
About the Business
- Years in Operation
- 10
- Number of Employees
- 0
- Facilities & Assets
- An approximately 7k SF facility that was just renovated in 2023 in excellent condition
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 7,000
- Rent
- $22,000.00 per month
- Lease Expiration
- 3/31/2033
About the Sale
- Seller Motivation
- Relocation and focus on other businesses
- Transition Support
- 3 months of training post-assignment
Listing Info
- ID
- 2401468
- Listing Views
- 238
Listing ID: 2401468 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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