Luxury Salon Suites in Plano, TX

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Salon Suites - Brand New Finish out!
Asking Price:
$399,000

Gross Revenue:
$276,000
Cash Flow:
$120,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$350,000
included in asking price

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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 $399K. Seller may be willing to provide limited financing for a qualified buyer.
For more information about this excellent opportunity email llane@vrdallas.com

About the Business

Year Established:
2018
Real Estate:
Leased
Building Sq. Ft.:
4,800
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About the Sale

Reason For Selling:
Other interests
Training/Support:
Seller will assist with transition
Seller Financing:
Seller may consider minimum financing for qualified buyer

Listing Info

ID:
1549975
Ad Detail Views:
91

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Business Listed by

Larry Lane

VR Business Brokers

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U.S. Census Data for Collin County, TX
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Source: Decennial Census (2010), United States Census Bureau.

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