01-15-2006, 09:40 PM
Join Date: Jul 25 2005
Re: How low is low?
Originally Posted by newbiemo
Okay everybody... I have finally managed to nab the active client list for the salon I've been looking to buy. Gut instinct is to pass but I suppose I need your validation. Here's the nuts and bolts:
Salon is in its 5th year
Small town (5000people max)
5 beds (2-'96 Mullers, 2- '00 Sundash 232, 1-'02 Sundash Competition)
Current owner has ruined the business by changing prices and hours
Now: client list: 125 with packages or points currently purchased, 74 of which purchased since she took over the business and only 75 have tanned in the past 45 days.
Asking price: she is down to $42000, I'm thinking more like $15,000 or pass.
What do you think??????
RUN RUN and do it fast