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Old 09-16-2005, 09:55 AM   #1 (permalink)
 
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I am wondering what you should ask when looking into buying a salon. What are things to look for to know if it's a good or bad business venture?
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Old 09-17-2005, 01:24 PM   #2 (permalink)
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3 years of tax returns

Month-to-month computer records to see #of tanners, avg. sale per visit, avg yearly revenue per customer

Why do they want to sell?

What are their building lease terms (will you be assuming the lease, negotiating your own,..)

Is the equipment paid for or still on leases?

How did they arrive at their asking price?

That'll be a start anyway ----
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Old 09-17-2005, 04:55 PM   #3 (permalink)
 
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3 years Bank Statements.
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