Business Overview
About the Company
\***Asking Price does not include Inventory and Equipment but are also for sale**
Renovated salon suite with substantial upside and ROI potential
This is a rare opportunity to enter a fast\-growing industry and a new real estate asset class\. Salon suites are coworking beauty and wellness spaces that lease to beauty professionals on 1\+ year terms\. This salon suite near the Galleria has 50 suites and underwent an extensive renovation last year, showcasing a modern and contemporary look\. There is an option to downsize the space at the landlord's cost, and the seller has recently renegotiated a lower rent extension, which can be transferred to the new buyer\.
Currently, this location is at break\-even with the lowered rent, and the seller wishes to focus on other businesses\. With more attention, this location could achieve 90%\+ occupancy, offering tremendous upside potential at the listed price\. It presents nearly 100% ROI in year one alone if occupancy increases\. The seller cannot give this store the needed attention due to other business commitments, making this an opportunity to own a high\-quality asset at less than 20% of the replacement cost of a new store of this size\. You’ll join one of the top franchises in the country and be part of a rapidly growing industry\.
Facilities: FF&E and leasehold assets included in the sale
Financing: Seller financing available with favorable terms
Support & Training: 90\-120 days of training and transition support offered
Reason for Selling: Seller is focusing on other businesses
