Absentee Salon Suite Business in NJ

New Jersey
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Asking Price:$1,000,000
Gross Revenue:$361,917
Established Year:2022
Cash Flow:$202,653
FF&E:$750,000
BUSINESS DESCRIPTION

NO EMPLOYEES and NO INVENTORY!

An incredible opportunity to own a top-rated franchise in the Salon Suite space. This is the MOST ABSENTEE and PASSIVE business around. You are truly a landlord, without owning property. The business has NO EMPLOYEES and NO INVENTORY. This is a top-rated franchise, there is an opportunity to expand with more locations. Many franchisees own multi-units across multiple states while having full-time jobs, it is that passive. The owner has done a great job leasing space to strong tenants who signed 2-year leases and pay rent WEEKLY. The role of the owner is to fill spaces (only 4 more to fill out of 20+ suites). Everything is brand new, as the business was recently launched. If you are looking for a passive, money maker, that is truly a passive business, call about listing 15674.


DETAILED INFORMATION
Location
New Jersey
Inventory
Not Included in asking price
Real Estate
Leased
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Franchise
This business is an established franchise
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Ken
Stein/Kensington Company
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Ken Stein/Kensington Company