Salon suites business for sale! The first location was founded in the early 2010s and each additional location was established every 1 to 2 years afterwards. The business model involves leasing individual salon suites 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 of roughly 95%, demonstrating high demand and a stable tenant base.
The owner manages one location, while the other four are managed by a manager, with the owner overseeing them. The business generates steady revenue through regular rent increases and has room for further growth.
Current marketing efforts include websites for each location, a social media presence, and advertising on platforms such as SEO, Facebook, etc. The brand is well recognized, and most tenants apply through 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 roughly 15 to 20 hours a week, 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.
