* No real estate included
* Business and FF&E only.
Lease
– 5 year lease signed April 1, 2019.
– $3320 month currently through March 31, 2022.
– $3524 month April 1, 2022 – March 31, 2024.
– (2) 5 year extensions
– Lease is very attractive for tenant to move into at $8 SF Base lease and small increases.
FF&E
– $80,000 – Tables, cabinets, washer, dryer, fridge, sinks, furniture.
– $54,000 products for services – nail, shampoos, color, perm and rods, extensions, kits, esthetics.
– $6,000 retail products can be sold to the public
Salon Website : https://www.montanabeautyinstitute.com/
3 Programs : Esthetics, Cosmetology, Nails
Enrollment – 2020 – 30 students total – Only 2 Programs
Enrollment – 2021 YTD 21 – 3 programs
*Indicates uptick in enrollment and net income projects of $60,000 increase in 2021
Income and Expenses available with signed NDA.
This is a clean business that makes money already and has room to grow.