Thread: How to Purchase an Existing Salon
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Old 07-24-2007, 10:30 PM   #10 (permalink)
Ezliving_Jim
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Re: How to Purchase an Existing Salon
Quote:
The worth of the salon should be based on 2 to 2.5 times net profit depending on the age and condition of the salon.
No way, Jose'! Maybe a business broker representing the seller (and his commission) is pitching that blue-sky-hopes-and-dreams scenario but a buyer would have to be crazy to write that check.

A tanning salon should not be confused with a winning lottery ticket.

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