Hot Listing
Absentee - Salon Suites Franchise in Central Houston
Business Description
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-211090
New listing. Highly desirable ABSENTEE business. This is a rare opportunity to join one of the premier franchise brands in the salon suites business with over 400 locations in the US and overseas.
The salon suites concept offers a simple and convenient service of subleasing its suites to spa and salon professionals who desire to run their own businesses without the obligation of long term leases. Leases are month-to-month to provide flexibility and includes utilities, internet, equipment, 24 hour access, shared luxury amenities and much more!
The business for sale, which opened in 2020, is located in an upscale shopping center in a busy part of central Houston. There are 39 individual suites that occupy a 7,000 sq ft building and average 90-95% occupancy.
Per seller's financials, rental income for 2024 was $443,401 with $117,581 in pro forma discretionary earnings. The listing price includes FF&E of $60,000 and Leasehold Improvements of $400,000. The owners live in Florida and want to focus on their other business interests closer to home. Owners will provide two weeks of training for a new buyer in addition to the training provided by franchisor.
New listing. Highly desirable ABSENTEE business. This is a rare opportunity to join one of the premier franchise brands in the salon suites business with over 400 locations in the US and overseas.
The salon suites concept offers a simple and convenient service of subleasing its suites to spa and salon professionals who desire to run their own businesses without the obligation of long term leases. Leases are month-to-month to provide flexibility and includes utilities, internet, equipment, 24 hour access, shared luxury amenities and much more!
The business for sale, which opened in 2020, is located in an upscale shopping center in a busy part of central Houston. There are 39 individual suites that occupy a 7,000 sq ft building and average 90-95% occupancy.
Per seller's financials, rental income for 2024 was $443,401 with $117,581 in pro forma discretionary earnings. The listing price includes FF&E of $60,000 and Leasehold Improvements of $400,000. The owners live in Florida and want to focus on their other business interests closer to home. Owners will provide two weeks of training for a new buyer in addition to the training provided by franchisor.
About the Business
- Years in Operation
- 5
- Employees
- 1
- Franchise
- This business is an established franchise
- Facilities & Assets
- Lease Terms Options: 2 Five Year Options
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 7,000
- Rent
- Not Disclosed
- Lease Expiration
- 5/31/2031
About the Sale
- Seller Motivation
- Other business interests
- Transition Support
- Number of Weeks Seller Will Offer Training: 2
Listing Info
- ID
- 2325436
- Listing Views
- 1883
Listing ID: 2325436 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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