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Old 01-08-2007, 09:56 AM   #6 (permalink)
JensSunQuest
 
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Join Date: Jan 20 2006
Location: Jacksonville, Fla
Age: 40
Posts: 775
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Re: Need advise on possible purchase of existing salon

most new businesses show loses for the first 5 years even if they are banking big money it works best for tax purpose....Mine makes good money but I file every lose possible.....Tax wise but if I went to sell it would make it alittle hardier.....I would just have my accountant show them month by month..... Ask for a monthly statements as well as a year statement...

Do not be trusting research! Sit in her parking lot undercover and see the clientele....If she is asking 110,000 your loan should be for a least 10-15,000 more to cover licenses, untold problems etc....
simply broke down a 7 bed salon with airbrush ....at 2500 a month rent.....with a 110,000 invested......
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