Business Summary:
Salon suites business for sale! The 1st location was founded in early 2010’s and each additional location was established every 1 to 2 year afterwards. The business model involves leasing individual salon suite to independent beauty professionals, including hairdressers, estheticians, barbers, nail techs, massage therapists and other service providers. Each location features roughly 40 suites or more, with occupancy rates roughly 95%, demonstrating high demand and a stable tenant base.The owner manages one of the locations and the other 5 locations are managed by a manager with the owner overseeing the managers. The business generates steady revenue through regular rent increases and has room for further growth as there is a 7th location being built. The 7th location is not part of the advertised price but can be acquired for an additional amount.Current marketing efforts include websites for each location, social media presence, and advertising on platforms such as SEO, Facebook etc. The brand is well recognized, and most tenants apply from word of mouth. While the business benefits from a solid stream of tenants, there is potential for further marketing expansion to attract additional prospects.The owner is actively involved in the business, managing one of the locations, working 15 to 20 hours a week roughly, managing financials, lease negotiation, and overseeing employees, while day-to-day operations at each location are handled by staff. This efficient management structure has helped the business maintain consistent profitability.This opportunity is ideal for buyers seeking a proven, profitable business with room for growth in a thriving market.For more info, please call Joseph Kim at 1-866-519-2421.
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