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Old 06-27-2009, 11:08 AM   #17 (permalink)
Join Date: Jan 3 2005
Location: Lakeland, FL
Posts: 12
Rep Power: 0 NewbieInFL is on a distinguished road
Re: Salon for sale in Lakeland, FL (complete turn key)

To be honest, I don't understand either, Din.

The original buildout cost over $100,000, and the first two years gross was approximately $100,000 each. It did go down since then.

However, I am selling it for only $25,000... actually I will take $20,000 for it. Even it LOSES $1000 a month for the next 6 months, then the buyer only has $26,000 invested going into the busy season. That's hardly a bad deal, in my opinion.

As for the rent, it is higher then I would like, but the new owner could either ride out the assignment on our current lease, or sign a new lease for a lower amount. I explained this to Todd, but he keeps harping on the fact that the lease is high. When I bought the place, I actually had the rent lowered from what it was... I'm sure, in today's economy, that the next owner could negotiate an even lower rate. Of course, any potential owner would have that worked out before they bought it.

I apologize for the drama thread to everyone. I hope everyone has a great week and happy 4th of July next weekend.
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