Quote:
Originally Posted by RiveraTan
I purchased my 12 bed tanning salon almost 2 years ago and I am 6 beds newer and 200k in on renavations. I don't mind as I have taken a 80k a year biz up to $130k by my second year and growing by 30% every year.
If the tanning equipment is as old as the salon then it's not worth $55k more likley around 30k. You will start replacing it in your first 2 years and then start running into more problems than you need on a new start. With all the mom and pop salons closing there is alot of nice equipment out there cheap and at $55k I could start a new one.
Since your husband is in construction your build out would be cheap too, think I would start a new salon. IF YOU BUILD THEY WILL COME!!!
|
This person is correct. if you don't plan on IMPROVING the salon then forgetit. If you do a new buildout then you may never see any return on your investment. Air conditioning alone could run you $50K.
Forget that nonsense. You can get an entire Ergoline bed for that kinda scratch!