Buying an existing salon - how much is too much??? - tanTALK

SmileyGal · 08-31-2005, 06:29 PM

I am looking at buying an exisitng tanning salon. The place has only been open for a year, I feel they are asking too much for the place. How do you know how much is too much for a place that has not been in business but a year???? I don't want to look stupid putting in a bid that is WAY too low and insult her.

ramcat · 08-31-2005, 06:35 PM

If you use the search, you'll see that there are several threads talking about what to look for in pricing a salon. The beds are only worth 50% of their original cost, the active clients are worth maybe $10 each. The stock is worth what she paid for it (not the retail), You'll have to adjust prices for all of the other things lice signs, towels, washer/dryer, furniture, pc. Do they own on the equipment? Will you have to accept a lease on the equipment. Then there is the lease on the building, electric company, and a whole lot of other things that you will need to evaluate before you offer a price. And this is just the basic things to look at.

West Side Tanner · 09-01-2005, 09:29 AM

AAAAAahhh another Newbie.

hoss1995 · 09-01-2005, 10:59 AM

I AM LOOKING TO SALE MY 2 YEAR OLD SALON IN KENNESAW . FAMLIY ILLNESS .

_________________
[ This Message was edited by: hoss1995 on 2005-09-01 11:10 ]

West Side Tanner · 09-03-2005, 01:27 PM

Classified maybe?

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08-31-2005, 06:29 PM	#1 (permalink)
SmileyGal Join Date: Aug 31 2005 Posts: 1 Rep Power: 0	I am looking at buying an exisitng tanning salon. The place has only been open for a year, I feel they are asking too much for the place. How do you know how much is too much for a place that has not been in business but a year???? I don't want to look stupid putting in a bid that is WAY too low and insult her.

08-31-2005, 06:35 PM	#2 (permalink)
ramcat Join Date: Oct 26 2004 Location: Florida Posts: 2,262 Rep Power: 21	If you use the search, you'll see that there are several threads talking about what to look for in pricing a salon. The beds are only worth 50% of their original cost, the active clients are worth maybe $10 each. The stock is worth what she paid for it (not the retail), You'll have to adjust prices for all of the other things lice signs, towels, washer/dryer, furniture, pc. Do they own on the equipment? Will you have to accept a lease on the equipment. Then there is the lease on the building, electric company, and a whole lot of other things that you will need to evaluate before you offer a price. And this is just the basic things to look at.

09-01-2005, 09:29 AM	#3 (permalink)
West Side Tanner Join Date: Dec 27 2003 Location: Florida Posts: 1,818 Rep Power: 21	AAAAAahhh another Newbie.

09-01-2005, 10:59 AM	#4 (permalink)
hoss1995 Join Date: Aug 15 2005 Posts: 1 Rep Power: 0	I AM LOOKING TO SALE MY 2 YEAR OLD SALON IN KENNESAW . FAMLIY ILLNESS . _________________ [ This Message was edited by: hoss1995 on 2005-09-01 11:10 ]

09-03-2005, 01:27 PM	#5 (permalink)
West Side Tanner Join Date: Dec 27 2003 Location: Florida Posts: 1,818 Rep Power: 21	Classified maybe?

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