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Old 09-17-2007, 12:00 PM   #16 (permalink)
Smileysnob
 
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Re: When buying an existing salon, how do you transfer funds for existing memberships

Quote:
Originally Posted by Kristyna View Post
I am in the process of purchasing an existing tanning salon. I was wondering how the transfer of existing memberships for which the seller collected the funds, but the client hasn't used part or all of their time yet as of the time of the transfer of the business, leaving me with the cost of fulfilling those memberships. How do I approach the seller with transferring funds to cover the cost of those memberships? An how do you put a value on the partially used memberships?
I hope I'm making sense here. Help!!!
I am currently in the process of purchasing a salon - The owners when they bought it were so mad they didnt think of this and so they are eating those costs! The clients are technically tanning for free since they paid the previous owner! This time, they are going to transfer that money over to me!! thank goodness~!
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