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New To The Tanning Business Interested or Future Salon Business Owners discuss Topics Here and Ask Questions To The Pros. |
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06-18-2005, 06:48 PM | #1 (permalink) |
Join Date: Jun 18 2005
Posts: 2
Rep Power: 0 | Hi! Can anyone tell me if this is a good deal or not? Asking $69K for salon. Includes: 4-wolff sunvision 28 LE reg.beds (year2002), 1- 28 lamp with 2 facials/ wolff sunvision 28LE, 2F; 3- super beds, 32 bulbs with facials/wolf sunstar. Salon also includes furniture, w/d....She says she has 200 active clients however she has no software program to prove this. Everything is done manually. Her income taxes say she grossed an average of 43K per year during the past three years she has been opened. The location in our small town is off a main road and they are currently opening a gym and the "largest walmart in america" on the same strip. To be finished by years end or so. Please help! Thanks.. |
06-18-2005, 10:05 PM | #2 (permalink) |
I love Derf!! Join Date: Mar 12 2002 Location: Undisclosed Secure Location
Posts: 2,636
Rep Power: 26 | Owner thinks she is holding the winning lottery ticket. She's not. Learn to use the search function on this forum. Do your homework. Write a business plan. There's no rush to buy the salon. It's not going anywhere with that kind of asking price. |
06-18-2005, 10:49 PM | #4 (permalink) |
Join Date: Feb 14 2004 Location: Florida
Posts: 131
Rep Power: 21 | Grossing only 43K after 3 years of business? Net must be around 20K, might as well get a job at Wal-Mart!!! Why would anyone buy a salon that has track record of making no real money! Look for a salon grossing around 150K. If you are going to be the main person working in the salon at least make it worth your time. |
06-19-2005, 09:43 AM | #8 (permalink) |
Join Date: Dec 27 2003 Location: Florida
Posts: 1,818
Rep Power: 21 | Quote: On 2005-06-19 07:51:00, Neon Beach wrote: "owner had baby, wants to sell" I thought they wanted to sell the baby. "How much is that baby in the window"?[ This Message was edited by: West Side Tanner on 2005-06-19 09:44 ] |
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