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General Tanning Industry Discussions Tanning Salon Owners and Professionals in The Tanning Industry Discuss a wide Variety of Topics. |
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01-11-2006, 03:29 PM | #1 (permalink) |
Join Date: Dec 21 2005 Location: Boston
Posts: 1
Rep Power: 0 | Looking to buy an Existing Salon I am looking to buy an existing salon. Does anyone know what type of paperwork to ask for when it comes to the financials? I have already viewed last years tax return but am not sure what else to ask for? |
01-11-2006, 03:54 PM | #2 (permalink) |
I love Derf!! Join Date: Mar 12 2002 Location: Undisclosed Secure Location
Posts: 2,636
Rep Power: 26 | Re: Looking to buy an Existing Salon Are you sure you have been a tanning salon owner since 1980? Tell me about your business plan. What, no business plan? Stop! Do not pass Go. Write a solid business plan and you will know what you need. If you don't have a clue after 25 years in the business, you probably shouldn't buy another location. |
01-11-2006, 03:55 PM | #3 (permalink) |
DERFTALK FBI AGENT Join Date: Jul 29 2003 Location: northeast Age: 48
Posts: 3,632
Rep Power: 46 | Re: Looking to buy an Existing Salon get the last 3 tax returns if they been in biz that long. also ask for "their" sales book some salons keep 2 i for uncle sam 1 for them. and also ask to see their bank statements and any kind of record showing vists per day or month...........good luck
__________________ someone PM me when a good tanning topic is posted. :lol: |
01-12-2006, 01:51 PM | #5 (permalink) |
Join Date: Apr 29 2004 Location: Fall River, Fairhaven, New Bedford, Dartmouth, Somerset, Wareham, Taunton
Posts: 79
Rep Power: 0 | Re: Looking to buy an Existing Salon this Needs To Be Posted In The For Sale Section Only. Last edited by MATT A; 01-12-2006 at 02:56 PM. |
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