Established Salon Suite Rental Business in Palm Beach County

Palm Beach County, FL
listing image
Asking Price:$450,000
Gross Revenue:$143,000
Established Year:2019
Cash Flow:$34,558
FF&E:$130,000
BUSINESS DESCRIPTION

Salon Suite Rental Business ready for new ownership

Reason for Sale: Retirement- Established Salon Suite Rental Business in Palm Beach County. Semi Absentee Ownership. Simple to Run/No Employees. Established since 2019 helping beauty care professionals by providing them a great work environment. Rent $5640/mth -3240 Sq ft location with a lease extending to 2029 with a 5 year extension. Great books & records. Seller will provide training to teach the administrative side of the business. 2023 Sales $143k with an owner benefit $34k. Ample parking. If a new owner can get to 100% capacity with room sharing then the sales revenue can exceed $319k. Location can also be converted to a Dr offices as it would require no renovations.


DETAILED INFORMATION
Location
Palm Beach County, FL
Inventory
Included in asking price
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Commercial Office facility- Rent $5694/mth Lease expires 1/31/2029 -Sq ft 3240 -Options One- 5yr
Competition
3 or 4 Salon Suites in Palm Beach county
Growth & Expansion
Get more renters to get to 100% capacity
Financing
none
Support & Training
1 week training
Reason for Selling
Retirement
Report an Issue with this listing
profile-img
Russell
Cohen
logo-img
Russell Cohen