B U S I N E S S P R O F I L E

The information contained herein is CONFIDENTIAL and may only be shared with a prospective Buyer's accountant, attorney and financial backers without the expressed written consent of C.R.E.S. PLEASE BE AWARE; THE INDIVIDUAL TENANTS DO NOT KNOW THIS PROPERTY IS FOR SALE.

Sale Description:The Salons at Miller Way is a cluster of three individual buildings with approximately 6,360 total square feet and is located off of Miller Avenue in the heart of Crossville, Tennessee. In addition to a great retail location, this offering provides an investment opportunity that includes all of the property and the existing Salon Suites Crossville business as described below.

Business Activity:For more than ten years, The Salons at Miller Way has focused on serving the professional beauty community. The property produces rental income by leasing individual, private suites to hair stylists, nail, massage and other beauty professionals who operate their own businesses.

Advantages Include: • No Employees - Independent Contractors Only • 15+ Year Established Business Model• Weekly Rent Paid via ACH Bank Draft• Equivalent of 13 Months Income Per Year• Landlord-Tenant Relationship with Passive Income • Property Management Option Available if Desired

Listing Broker:Orville Norton | Commercial Real Estate ServicesOffice: 615-399-1399 Cell: 615-545-1399 Email: orvnorton@aol.com

Location:34, 50 & 56 Miller Way, Crossville, TN 38555This location is located directly off of Miller Avenue (Light #8) and sits directly beside the new Regions Bank in one of the busier sections of Crossville, Tennessee.

THE SALONS AT MILLER WAY | CROSSVILLE, TENNESSEE

Sparta Hwy

(US-70)

Elmore Rd.

Mille

r Ave

. N. Main St.

West Ave. (US-70) Crossville

B U S I N E S S P R O F I L E

Major Tenants:Salon Suites Crossville occupies two 2,280 sq. ft. buildings and has 10 individual suites in each. State Beauty Supply occupies an 1,800 sq. ft. third building on the site.

Income Growth Potential:Currently 17 of the 20 suites are occupied which leaves additional income opportunities by filling these 3 available spaces, and there are also opportunities to increase rental amounts for both the salon tenants and the beauty supply store in the near future.

Competition / Product Niche: One other “suites-concept” salon currently operates in the city. They charge a little more rent per week, and historically have had no adverse affect on Salon Suites Crossville’s ability to keep the majority of the suites occupied.

Business Opportunity:In addition to Salon Suites Crossville, the owners also have properties in Middle Tennessee that are available for purchase and when combined with a Crossville purchase, offer an interested investor the opportunity to reduce the purchase price of any single location.

Reason For Sale: The Salons at Miller Way and the Salon Suites Crossville business are owned in a partnership which is divesting of its joint holdings in order to allow the partners to pursue individual goals and opportunities.

THE SALONS AT MILLER WAY | CROSSVILLE, TENNESSEE

Crossville Financial Information: 2016 Gross Revenues: $108,308Projected 2017 Revenues: $100,060Projected 2017 Net: $64,1642017 Appraisal: $700,000

Asking Price: $641,644

*Note: Cash Flow is defined as earnings before interest, taxes, depreciation, and amortization, plus owners salary, owners' benefits, and any one-time extraordinary expenses. The above set forth information has been secured from the Seller. C.R.E.S. in no way guarantees the accuracy of such information, nor does it warrant any assumptions as true and correct.

Crossville and Middle Tennessee Properties:Crossville Asking Price: $641,644Antioch Asking Price: $3,334,400Murfreesboro Asking Price: $5,038,353Combined Appraisals: $9,305,000

Joint Purchase Price: $8,542,643

Orville Norton | Commercial Real Estate Services | Office: 615-399-1399 Cell: 615-545-1399 Email: orvnorton@aol.com

The information contained herein is CONFIDENTIAL and may only be shared with a prospective Buyer's accountant, attorney and financial backers without the expressed written consent of C.R.E.S. PLEASE BE AWARE; THE INDIVIDUAL TENANTS DO NOT KNOW THIS PROPERTY IS FOR SALE.