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Old 11-14-2017, 11:31 AM   #7 (permalink)
sunsally
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Re: WHAT A SALON IS WORTH

Quote:
Originally Posted by FRANKYYY View Post
question 1 no
question 2 decreasing
question 3 yes
question 4 lease is fair

So if the salon is currently NOT profitable. And sales are going down from there --- what is the value you see?


The "buildout" technically belongs to the Landlord. The salon owner paid for it (probably) but if it is "fixed" (e.g. not portable walls), the LL "owns it" and so not really something of "value" from a business asset point of view. Sure - would be nice to walk into a buildout, elec in place etc --- but as a BUYER, you are arguing that is not "tangible"

20 year old beds? Could probably sell them on Craigslist for $500 eac for people to come pick up, but otherwise not much more "value". You would probably have to pay a vendor to take them away for you if you were going to replace. Again - it would be nice to walk into tanning beds just sitting there, but if they aren't making money for this person, no guarantee they would make money for you.
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