This is an ASSET SALE situation. In order to expedite the sale, the business is being sold for market value of the assets and NOT as a “going concern”. The assets may include all furniture, equipment, leasehold interest, non-compete, goodwill, and some inventory. Therefore, NO FINANCIALS WILL BE PROVIDED TO BUYER FOR ANALYSIS OF REVENUES OR PROFITS. The business is currently fully operational.
Full renovation was completed by this current owner including plumbing, replacing the unit’s entire electrical panel and retrofitting the wiring all the way from the main breaker into the unit. 5-10K in cosmetic improvements as well. Situated in an affluent community with ample foot traffic.,Total monthly rent: $7,466,(5) Two year options once lease expires in 2019,3% increase every two years
Reason for selling: Un-able to focus on operations. Also has other locations.
Asking Price: $39,000
Lease Rate/Sq. Ft.: $7,466 /Month
Lease Rate: $7,466 /Month
Lease Expiration: 12/1/2019
Support Training: Will train for up to 3 months.
Building SF: 1,611