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03-11-2010, 07:37 PM | #1 (permalink) |
Join Date: Oct 30 2006 Location: Wellington, FL
Posts: 20
Rep Power: 0 | Question about selling my salon Does anyone have experience with... when either buying or selling. Seller pay the buyer for the prorated value of the remaining packages the buyer has to honor. I can run a report on my software for "unearned package revenue". It says 20k. Basically the dollar amount for what I "Owe" to my customers. I mean I can see paying him for any BIG and long term stuff I sold recently, Like a 1000 bucks max. But he wants me to take 20k off the asking price of the note. Please help. |
03-11-2010, 11:56 PM | #2 (permalink) |
Join Date: Jan 10 2005
Posts: 268
Rep Power: 20 | Re: Question about selling my salon It's just a given here in California for the buyer to honor the packages. If you sold a bunch of year or more packages I would drop some off the price. Whatever you do don't take a note back if they haven't been in tanning before. |
03-12-2010, 09:41 AM | #4 (permalink) |
Re: Question about selling my salon When I bought my second salon I demanded a portion of the previous months package sales. The previous owner extended a "buy one get one half off" sale. If he had not done that I would not have asked for any reimbursment for prepaid services. I saw in this case a money grab. Tell him the prepaid services are already figured into the price, but you would be happy to raise it $20,000 and give him a $20,000 credit. | |
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