Purchase An Existing Salon - Page 9 - tanTALK

vette5960 · 06-12-2004, 09:28 AM

Tanning business is a CASH business which means that tax returns won't do much in the way of true authenticity and bank statements mean absoutely ZERO because anyone who runs an all cash business is not going to put it in the bank and leave a trail for the IRS to follow and bust them. They are keeping thier cash in a safe at home. You want to know how much a tanning salon is bringing in, help the owner count the cash at the end of every night for a year, then you'll know. I am looking myself for a tanning salon to purchase, I know how difficult it is to put a value on an all cash business. Good luck.

fan · 07-11-2004, 01:22 AM

Hello:
New member here. I stumbled onto tantalk and have found everyone's discussion to be very informative.

Grip (Gary) please send me your contact info. I am looking seriously at purchasing an existing tanning salon and would like to discuss marketing (LV) with you.

Haresh

fan · 07-11-2004, 01:33 AM

Oops...forgot my email address for Grip. It is hmelwani@bellsouth.net.

Haresh

gripmarketing · 07-12-2004, 12:09 PM

Sent.

Gary Margol
Grip Marketing Group
1827 Powers Ferry Rd
Building 16, Suite 300
Atlanta, GA 30339
(678) 627-0400 ext 204
(866) 627-0400 toll-free outside GA
www.gripmarketing.com

TanningEmporium · 07-28-2006, 01:41 PM

just thought that newbies would love to see this without the search..this is the kind of info that made this board great for me...

WE NEED MORE POST LIKE THIS!!!!

ninkies · 05-18-2007, 09:41 AM

Moderators: Would it be possible to post this as a sticky? This is such a great thread, and I think a lot of us, if we enter the business, will be doing so more likely with an existing salon.

Thanks

stever · 07-23-2007, 02:10 PM

Long and interessting discussion! The Business broker's bible is "Business Reference Guide" by Tom West. It values tanning salons at 70-75% of annual sales. Knowing the profitability of salons (in my area at least), this roughly translates into about 2 times net earning.

I am in the market to purchase an existing tanning salon in the Saint Louis, MO area... though I might consider a startup if I can be profitable in a year! New is better, right???

07-28-2006, 01:41 PM	#85 (permalink)
TanningEmporium Join Date: Jul 15 2003 Location: 213 Skyland Shp Ctr Posts: 2,613 Rep Power: 22	Re: Purchase An Existing Salon just thought that newbies would love to see this without the search..this is the kind of info that made this board great for me... WE NEED MORE POST LIKE THIS!!!! __________________ www.tanning-emporium.com www.myspace.com/tanningemporium www.homeinteriors.com/mcbess www.marykay.com/mcarroll-bess

05-18-2007, 09:41 AM	#86 (permalink)
ninkies Waiting Confirmation Join Date: May 16 2007 Location: California Posts: 116 Rep Power: 0	Re: Purchase An Existing Salon Moderators: Would it be possible to post this as a sticky? This is such a great thread, and I think a lot of us, if we enter the business, will be doing so more likely with an existing salon. Thanks

07-23-2007, 02:10 PM	#87 (permalink)
stever Join Date: May 3 2007 Location: missouri Posts: 10 Rep Power: 0	Re: Purchase An Existing Salon Long and interessting discussion! The Business broker's bible is "Business Reference Guide" by Tom West. It values tanning salons at 70-75% of annual sales. Knowing the profitability of salons (in my area at least), this roughly translates into about 2 times net earning. I am in the market to purchase an existing tanning salon in the Saint Louis, MO area... though I might consider a startup if I can be profitable in a year! New is better, right???

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06-12-2004, 09:28 AM	#81 (permalink)
vette5960 Join Date: Jun 12 2004 Posts: 13 Rep Power: 0	Tanning business is a CASH business which means that tax returns won't do much in the way of true authenticity and bank statements mean absoutely ZERO because anyone who runs an all cash business is not going to put it in the bank and leave a trail for the IRS to follow and bust them. They are keeping thier cash in a safe at home. You want to know how much a tanning salon is bringing in, help the owner count the cash at the end of every night for a year, then you'll know. I am looking myself for a tanning salon to purchase, I know how difficult it is to put a value on an all cash business. Good luck.

07-11-2004, 01:22 AM	#82 (permalink)
fan Join Date: Jul 11 2004 Posts: 22 Rep Power: 0	Hello: New member here. I stumbled onto tantalk and have found everyone's discussion to be very informative. Grip (Gary) please send me your contact info. I am looking seriously at purchasing an existing tanning salon and would like to discuss marketing (LV) with you. Haresh

07-11-2004, 01:33 AM	#83 (permalink)
fan Join Date: Jul 11 2004 Posts: 22 Rep Power: 0	Oops...forgot my email address for Grip. It is hmelwani@bellsouth.net. Haresh

07-12-2004, 12:09 PM	#84 (permalink)
gripmarketing Join Date: May 25 2002 Posts: 970 Rep Power: 22	Sent. Gary Margol Grip Marketing Group 1827 Powers Ferry Rd Building 16, Suite 300 Atlanta, GA 30339 (678) 627-0400 ext 204 (866) 627-0400 toll-free outside GA www.gripmarketing.com

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