Salon Suites

Business Information

Listing ID: S.050411
Category: Current
Location: Westmont, IL
Annual Cash Flow: $29,052.00
Purchase Price Business & Properties: $199,000.00

Building/Property Information

Real Estate Taxes: $2,700.00
C.A.M.: $4,068.00
Building Size/Store Size: 1,100 Sq.Ft.

Business Description

The owner built 4 individual suites and spent on the build out cost $150,000.00. The suite has sprinkler
system and was completed in 2009.

Rent Information
Three of suites are rented and the fourth one is occupied by the owner and he also will sign a lease.

Suite #1 $875.00 per month = $10,500.00 per year.
Lease New January 1st. 2015 one year.
Suite #2 $800.00 per month = $ 9,600.00 per year.
Lease New February 1st. 2015 one year.
Suite #3 $875.00 per month = $10,500.00 per year.
Lease New January 1st. 2015 one year.
Suite #4 $750.00 per month = $ 9,000.00 per year.
Lease New January 1st. 2015 one year.

All leases have been extended. The owner will find new tenants if needed in the future if the Buyer wants.

Owner Expenses
The expenses on average per. month.
Gas $100.00, Electric $150.00, Water $50.00, R.E. Tax $225.00, Insurance $15.00, C.A.M. $339.00.

Total: $879.00 per month = $10,548.00 per year.

Cash Flow
Income: $39,600.00
Expenses: $10,548.00

Contact Information

Contact agent: John Mikaelian
Contact phone: +1-847-867-0050
Contact us