Passive income producing Salon Suite
Macon, GA
| Asking Price: | $97,500 |
| Gross Revenue: | $91,520 |
| Rent: | $2,550/Month |
| Established Year: | 2022 |
| Cash Flow: | $51,500 |
| Inventory: | $1,000 |
| FF&E: | $13,500 |
Listing ID: 2283845Listing provided by BizBuySell
BUSINESS DESCRIPTION
Seller Financing (up to 30%), Passive Income
Salon Suite business for sale in Macon. The business is great for a passive purchaser and easy to run. There are 11 rented suites, one suite used for daily rentals and an additional two suites used for storage that can eventually be leased for additional income. Tenants pay weekly for the suites at a range from $125-250.
NDA and proof of funds required prior to information disclosure.
The purchase of the building is also an option at 240K additional to the sales price.
Seller financing up to 30%.
DETAILED INFORMATION
Location
Macon, GA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,320
Lease Expiration
01/10/2028
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Purchase includes all salon equipment, furniture, fixtures, refrigerator as well as washer and dryer. All suites are fully equipped with styling chairs, mats, mounted TV's and dryers.
Competition
The current market conditions for salon suites are excellent! Stylist are looking for more autonomy and are willing to pay more for these spaces.
Growth & Expansion
The rates for the suites are fairly low compared to the market in Macon. An increase of 15-20% weekly will not cause tenants to relocate due to the limited number of salon suites in the city.
Financing
Salon Suites don't qualify for SBA loans. The seller will finance with 50% down.
Support & Training
Seller is willing to offer up to 2 month training for the buyer.
Reason for Selling
Selling due to proximity from home
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