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Overview

Beauty and Personal Care

Multi-location Independent Salon Suites Rental with Real Estate

Listing ID: SUITES2

Entity Classification(M): S-Corp

Year Established: 1998

Annual Sales: $790,110

Seller Discretionary Earnings: $342,532

FF&E: $55,093

Days & Hours of Operation: Varies by Stylist

Full-time Employees: 0

Part-Time Employees: 2

Reason For Sale: Other Interests

Limited Seller Financing: Seller may provide a small portion of seller financing to a well qualified buyer.

Listing Status: Under Contract


Summary

Description:

This multi-location salon suite rental business is operated semi-absentee and generates impressive income. Established for decades, the business consistently maintains a waitlist of stylists wanting to sign rental agreements.

This exceptional opportunity provides steady returns renting salon suites in the Triangle, NC area. This innovative business offers a unique salon where talented stylists and designers showcase their skills, connect with clients, and build their brands in a vibrant, creative community offering a wide range of services.

Acquiring this business and associated commercial property is not only an investment in a profitable business; it's a chance to be a leader in reshaping the beauty industry. With its strong brand identity, loyal customer base, and scalable business model, the business is perfectly positioned for further expansion into new markets and services.

Historical Summary:

Over the years the business has added locations and maintained steady profits.

Competition:

Competition has entered the market with little, if any, impact on occupancy rates.

Growth & Expansion Opportunities:

Additional locations could be added in or outside of the triangle area.

Owner Qualifications:

The buyer should possess general business skills and have good rapport with renters.

Support & Training:

Seller will provide up to 80 hours of transition assistance at no additional cost.

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Jeff Snell, CM&AP, M&AMI, LMCBI, ABI

Principal Broker & Founder – Raleigh, NC

Office: (919) 341-1100

Cell: (919) 624-1124




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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Central NC

Real-Estate: Owned for Sale or Lease

Real-Estate Asking Price: $850,000

Monthly Rent: $29,645

Building Square Feet: 17,000

Facilities Description:

Located in professional/retail/office parks. Note that the building square feet and rent is for all locations. Only one location is available for purchase.