Salon Rental Franchise in 3 growing CNY suburbs - 80% Occupied

Listing Number: 11421-468709

Description

High-end studio concept specializing in personal care and beauty. This franchise resale opportunity has ~30+ individual private studios in each of the three studios for a total of 98 units. Each studio is fully equipped for any proposed personal care business. Sellers invested $1M in each studio and is looking to retire sooner than planned. Net Operating Income (NOI) are forecasted to increase to $525K per year once full. Absentee real estate rental income is a proven model.

Listing Details

• Price: $1,900,000
• Down Payment: $190,000
• Sellers Discretionary Earnings: $350,000
• Total Sales: $3,000,000
• Location: Oneida County, New York


• Inventory: $0
• FF&E: $750,000
• Employees: 3
• Year Established: 2017
• Reason for Selling: Retiring
• Category: Real Property Rltd,Beauty/Personal Care