tanTALK - View Single Post - Purchasing An Existing Salon Can Be A Smart Investment

yveskleinsky · 09-21-2007, 08:32 PM

I am considering buying an existing salon. They have been in business for 3 years and the whole place has been remodeled and they did a great job. I haven't seen numbers from the seller (yet) but was told that they gross $1600/month. I don't know if this is an average or what they are doing now. The salon has 5 beds and rents one room to a massage lady.

What is the difference in sales between he busy season and slow season?

How did you guys value what the business was worth? Is there a certain rule of thumb, like gross sales x 3, or something like that?

Has anyone here been an absentee owner? How has that worked for you?

Can't wait to hear what everyone has to say!

09-21-2007, 08:32 PM	#4 (permalink)
yveskleinsky Join Date: Sep 21 2007 Posts: 4 Rep Power: 0	Re: Purchasing An Existing Salon Can Be A Smart Investment I am considering buying an existing salon. They have been in business for 3 years and the whole place has been remodeled and they did a great job. I haven't seen numbers from the seller (yet) but was told that they gross $1600/month. I don't know if this is an average or what they are doing now. The salon has 5 beds and rents one room to a massage lady. What is the difference in sales between he busy season and slow season? How did you guys value what the business was worth? Is there a certain rule of thumb, like gross sales x 3, or something like that? Has anyone here been an absentee owner? How has that worked for you? Can't wait to hear what everyone has to say!