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Is the salon worth the asking price?

Posted 08-20-2009 at 12:23 PM by tomtoni
We are looking at an exsiting salon located in town surrounded by appartments, businesses and a university a few blocks away. 5-Sollei 20min beds, 1-Sollei 15min bed w/face tanner, 1- tropical Rayz 15min bed w/face tanner. Another room for a bed. Very large back rm that can be used for 2 more beds, retail, etc. A full basement for whatever. Rent, utilit., Insur., phone= $1,109.98; 2008 income $40,7558, reported for taxes. They are asking $69,000.00. The salon needs updated, paint, decor, furniture, etc. We will be working the business so we wont have any employes to start with..Their are 3 tanning salons within 5 miles of this one each has 4-6 beds.
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