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Old 02-07-2014, 01:51 PM   #14 (permalink)
peach
 
Join Date: Mar 18 2005
Location: GA
Posts: 1,153
Rep Power: 20 peach will become famous soon enough
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.
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