Re: Potential Salon Purchase - Need Input I have a different take on this opportunity. I would buy this store and run it for a year and use the profit to slowly change equipment. Your break even cost is closer to 50-60K, so yes, at 85K gross revenue, I can see you putting $25K in your pocket, if you are willing to be there 40 hrs a week.
The trick is to buy this place for 15-20k with as little up front money as possible. I wouldn't pay more for it, and I wouldn't pay for it all up front; spread it over at least 18 months.
You can get upgrade beds for 1,500-2,00 each; add a couple each year. It can be done. |