Middle Tennessee 50+ Tenant Beauty and Spa Suite Rental
Asking Price: $1,100,000
Cash Flow: $300,831
Gross Revenue: $671,514
This owner of this company currently rents over 50 individual private suites for different beauty, spa and hair professionals. They opened in 2004 and rent the larger space from the landlord and then sub-leases each suite to different professionals. There are no empty suites and currently has a wait list for other professionals to move in. Each suite is priced based on single or double occupancy. With such a unique all in one location, they have over 600 appointments a day with little to no competition. Each leased suite is an individual business that is owned and operated by the occupant. The businesses range from nails, hair, skin and spa services. There are three receptionist that handle the day to day needs of the business from greeting guest, doing the laundry and keeping the business looking great. An owner/operator could take over most of their responsibilities. The current owner works very little in the business and only manages the leases and finances.
This listing was added 02/26/2020