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
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