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Quick Sale! High-End Full Service Salon in Johns Creek, GA!

Listing was updated on: 02/13/2020
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Property Overview

Price/Rent PSF $ 1,900.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 02/13/2020
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Description

Seller is only asking $79,000 for the salon and spa! Net profit is $60,000 per year! Full-service salon and spa! Salon is located inside an upscale apartment complex of 212 units! Salon has 6 dedicated parking spaces for customers and one dedicated street sign that Seller paid $10,000 to install next to the street to advertise the Salon! Seller needs to sell quickly because her daughter was accepted to private boarding school in Boston and Seller has had to visit her 3 times in the past 4 months. Seller has decided to reduce employees and is working with 1 employee that provides all services. The times she travels to Boston, she shuts down the salon. One stylist is renting a chair for $700 per month! Rent is only $1,962 per month! After generating income from the rented chair, the rent needed is only $1,262 per month! Lease has Two 5-year renewal terms remaining for a total of 10 years! Minimal expenses! The 1 employee working is paid $800 per month! Electricity bill is only about $250 per month! Buyer will also have private access to a Cyber Cafe that is located behind the Salon for free coffee, lounge, and internet access! Great reviews online! 1,550 sqft! Website included! Average household income within 5 miles is $150,000! Clientele is upper class and pay premium prices for salon services! Daily traffic count is 41,000 vehicles per day! Total population within 5 miles is 182,000 of which female population is 97,924! Walking distance to 3 additional luxurious apartment homes totaling nearly 1,000 units! Johns Creek area is the home of several companies within the Technology Park business district which is less than a mile away from the Salon. Some employers include Alcon, State Farm, World Financial Group, and many more. Surrounded by retail shopping centers, restaurants, residential homes / apartments, and banks. Seller has had the Salon for 5 years and has developed a consistent clientele and reputation! Seller invested over $180,000 in building out the Salon! Quick Sale! Asking Price is only $79,000! Lease security deposit is $3,552. Lease transfer fee is $1,000.aq

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