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Steve Underhill · 01-26-2006, 06:41 AM

When buying a salon or when a finance company is looking at the books of a salon, only what is reported is real. Anything else does not exist. When you look at purchasing a salon it is a good rule that a salon is worth 2 to 2.5 times the Net profit of the most recent completed year. Age of salon and equipment will determine the .% variance.

01-26-2006, 06:41 AM	#2 (permalink)
Steve Underhill Join Date: Apr 21 2004 Location: Frisco, TX Posts: 1,502 Rep Power: 21	Re: Reporting Cash When buying a salon or when a finance company is looking at the books of a salon, only what is reported is real. Anything else does not exist. When you look at purchasing a salon it is a good rule that a salon is worth 2 to 2.5 times the Net profit of the most recent completed year. Age of salon and equipment will determine the .% variance.