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Old 01-11-2006, 03:29 PM   #1 (permalink)
 
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Exclamation 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?
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Old 01-11-2006, 03:54 PM   #2 (permalink)
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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.
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Old 01-11-2006, 03:55 PM   #3 (permalink)
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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
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Old 01-11-2006, 03:55 PM   #4 (permalink)
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Re: Looking to buy an Existing Salon

ezliving good eye! point 4 u
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Old 01-12-2006, 01:51 PM   #5 (permalink)
 
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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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Old 01-12-2006, 03:47 PM   #6 (permalink)
 
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Re: Looking to buy an Existing Salon

Why?
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Old 01-12-2006, 07:42 PM   #7 (permalink)
 
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Re: Looking to buy an Existing Salon

Think the moderator did that edit because he posted a for sale item. But ehhh what do I know?

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Old 01-12-2006, 08:00 PM   #8 (permalink)
 
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Re: Looking to buy an Existing Salon

SunBdz2 - the first person to obtain negative points in the new system.
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