Absentee - Salon Suites Franchise in Central Houston

Listing Number: 76931-211090

Description

New listing. Highly desirable ABSENTEE business. This is a rare opportunity to join one of the premier franchise brands in the salon suites business with over 400 locations in the US and overseas.

The salon suites concept offers a simple and convenient service of subleasing its suites to spa and salon professionals who desire to run their own businesses without the obligation of long term leases. Leases are month-to-month to provide flexibility and includes utilities, internet, equipment, 24 hour access, shared luxury amenities and much more!

The business for sale, which opened in 2020, is located in an upscale shopping center in a busy part of central Houston. There are 39 individual suites that occupy a 7,000 sq ft building and average 90-95% occupancy.

Per seller's financials, rental income for 2024 was $450,000 with $123,860 in discretionary earnings. The listing price includes FF&E of $60,000 and Leasehold Improvements of $400,000. The owners live in Florida and want to focus on their other business interests closer to home. Owners will provide two weeks of training for a new buyer in addition to the training provided by franchisor.

Listing Details

• Price: $450,000
• Down Payment: $450,000
• Sellers Discretionary Earnings: $123,860
• Total Sales: $450,000
• Location: Harris County, Texas


• Inventory: $0
• FF&E: $60,000
• Employees: 1
• Year Established: 2020
• Reason for Selling: Other business interests
• Category: Beauty/Personal Care,Real Estate Related