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Old 01-08-2014, 02:46 PM   #4 (permalink)
Steve Underhill
 
Join Date: Apr 21 2004
Location: Frisco, TX
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Re: Thinking about purchasing a salon in CA.

Quote:
Originally Posted by MaryK View Post
Hi Guys,
I really need any advice I can get at this point. I've been reading through some of the threads and have started getting a good idea on what to look into before I purchase the salon.

So a little background on the salon to start is that it is already established and has no current competitors within 10-15 miles. All of the beds are paid for in full. I am also currently working at the salon so I can potentially get any info I may need while working. I approached the salon owner and asked if he would be interested in selling. He currently owns 2 tanning salons and is now living in a different state and trying to take on different business ventures.

I really would love to put all I have into this business, which also means all the time it will need since I will be a first time business owner and realize that this will take up all of my time.

The beds that are currently in the salon are:

*6 Royal Sun 32/Express beds
(The owner has made 2 of them into express beds and kept the other 4 as regular beds)

*2 Royal Sun 38/3 Combo Medium Pressure Beds

*1 Royal Sun UV Scan VT High Pressure Bed

*1 Sun Capsule Perfect Ten Stand Up Medium Pressure Bed

Some of these beds need a little help, like we need new acrylics for a few but we did recently get new bulbs for the Royal Sun 32/Express Beds.

All of these beds are Run by T-Max Series Timers Model-3A
We also currently use Helios as our program in the salon.

The owner has no problem giving me info on anything I want to know about the salon. I'm just not sure what my next step should be. I was thinking maybe getting his tax returns for the last couple of years and his books and sitting down with an accountant to see if this makes sense for me.
Mary just remember that the money you must invest in restructuring this salon to insure it is successful in addition to the purchase price will be your total investment.

Typically a salon operator always over values their salon. establishing the real value is easy when you get the right information.
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