Passive Cash Flow: Salon For Sale

Undisclosed Address, North Carolina
Business Opportunity for Sale
Catylist Listing ID: 30776720
Property Subtypes: Hair and Beauty
Building Size (RSF): 3,000 SF
Sale Price: $219,000
In Opportunity Zone? Yes
Year Business Established: 2010
Gross Revenue: $165,000 (Annual)
Cash Flow: $85,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: This is a business sale with assignable lease. Buyer must meet Landlord's financial review and approval. Currently, 4 years left on 3rd term, with 4 additional terms of 5 years each.
Last Updated: 1/3/2022

Overview / Comments

Fully leased hair salon investment for sale. Tenant is selling his undivided interest in a salon, that has 15 booths, fully leased to license hair stylists. This is a prime location, and the shortest tenure of any current stylist is 3 years. Some have been there almost 10 years. The current lease is fully assignable and the current operation offers completely passive income to the savvy investor.

Currently, 4 years left on 3rd term, with 2 additional options to renew of 5 years each

Additional Details

Industry Segment: Beauty Salons and Barber Shops
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $169,200
Real Estate Status: Not Applicable
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: Adequate training and transition period will be offered.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,327 8,788
Median Age: 47.6 50.95
Households: 1,798 3,828
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