Salon Suites - Real Estate/High Occupancy/Weekly Cash Flow

Listing Number: 52941-119031

Description

Two Separate Salon Suites offer a unique investment opportunity in a highly sought-after and affluent area of Tarrant, TX. This fully operational, well-maintained property is designed specifically for beauty professionals seeking flexible, upscale spaces. With high demand for salon suite leasing and an established reputation in the community, this is a prime asset for any investor or owner-operator looking to expand into the rapidly growing salon suite market.
• Recession resistant business
• Short term leases (one year or less) allows dynamic repricing
• Exceptionally low turnover rate and consistent high occupancy
• Currently in-place rents yield higher than market rental rates given the subdivision of the space
• Multi-tenant base reduces vacancy/business risk of single tenant lease
• Tenants pay weekly in advance

Salon One:
• Asking Price $1,893,573
• Built 2007
• Building 3,901 SF
• Land 20,030 SF
• 96% Occupied

Salon Two:
• Asking Price $1,400,387
• Built 2011
• Building 3,263 SF
• Land 25,998 SF
• 76% Occupied

Listing Details

• Price: $3,293,960
• Down Payment: --
• Sellers Discretionary Earnings: $247,047
• Total Sales: $405,117
• Location: Tarrant County, Texas


• Inventory: $0
• FF&E: $130,117
• Employees:
• Reason for Selling: Other business interests
• Category: Beauty/Personal Care