tanTALK - View Single Post - When buying an existing salon, how do you transfer funds for existing memberships?

glotan · 08-16-2006, 10:41 AM

I get what you're saying.

I had the same dillema when I bought my salon. Options (as I saw them then) were to
1. close the salon for a week (or whatever) then re-open under a new name. All the clients basically lose their memberships & money. Technically then, the old owners are responsible, but you will take all the grief.
2. eat the cost and keep the members happy.

I chose the latter and didn't feel very good about it, but in my situation, I thought it was the right thing to do.

Anyone else have ideas?

08-16-2006, 10:41 AM	#2 (permalink)
glotan Join Date: May 11 2006 Location: Loveville, Center City Posts: 961 Rep Power: 6	Re: When buying an existing salon, how do you transfer funds for existing memberships? I get what you're saying. I had the same dillema when I bought my salon. Options (as I saw them then) were to 1. close the salon for a week (or whatever) then re-open under a new name. All the clients basically lose their memberships & money. Technically then, the old owners are responsible, but you will take all the grief. 2. eat the cost and keep the members happy. I chose the latter and didn't feel very good about it, but in my situation, I thought it was the right thing to do. Anyone else have ideas?