Quote:
Originally Posted by DH  Rent $16,000
Insurance $2,000
Utilities $6,000
Cost of Goods $3,000
Phone,Internet $1,800
New Lamps $5,000
Other Maintenance $10,000
Labor $20,000
Marketing $2,000-$5,000
Accounting fees $1,000
Legal fees $1,000
Unforcasted expenses $10,000
TOTAL: $81,000
Reinvestment %10 of revenue
The value of the equipment is ZERO. The value of the build out is ZERO. You're buying the business only. I'd pay one year PROVABLE profits only for this salon at best if you really want it but think you can start a salon for equal or less money. This salon is most likely out of date (at the end of it's usable life) and in need of major upgrades to remain viable. |
Pretty spot on. My thinking as well, at BEST offer of 1 year profits. Thanks to the information gathered on this forum I would also have an electrical issue if I upgrade. Single phase into the building and (2) 200 amp boxes. A/C is about at max now, 7.5 tons.
Will most likely pass,,,,,,,,,,,,,,I don't think the demographics support getting and ROI on the major upgrades I would need to do.