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Re: Which salon to buy 35K vs. 75K
As long as none of your bills are THOUSANDS A MONTH I say do it. If you think they are good people then finance the other $25K. You can at least yell at them when something goes wrong.
Parrot head is correct but only in a fire sale situation. NO tanning bed is worth anything at auction or on the after market. This is not that. I have a 20year old bed that makes more money than some tanning salons. REMEMBER it's what it COSTS TO RUN that people forget. IF it costs NOTHING and you charge $5 then you made $5. If you have a bed that costs $5 to run and you only getting $5/visit then you are screwed.
It works fine. Has 4000000000x10^22 hours on it and all I gotta do is relamp, reacrylic and it's good to go.
5 year plan. Figure where you want to be in 5 years (not ARUBA) and then see if the numbers even work.
$75K for a fully functioning tanning salon is NOTHING when compared to starting from scratch.
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