Quote:
Originally Posted by MaryK 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.