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Old 07-18-2011, 10:57 AM   #7 (permalink)
sunsally
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Re: Tips to know BEFORE you buy a salon!!

2 DO know WHAT you are buying in terms of equipment and it's value!


You need to know:

a. brand
b. model number
c. year
d. number of hours for each piece

Some manufacturers have gone out of business and parts are hard to get. Some equipment is less sturdy/reliable than others. Some will run forever if you keep them up. Some you could sell if you wanted to upgrade. Some are worth just the price of the scrap metal in them.

Research all this BEFORE you buy! You can't know the true "value" of the business unless you know the value of the assets in it!
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