What else do i need to find out? - tanTALK

Envioustans · 05-26-2008, 08:27 AM

Just wondering what else id have to find out before thinking about buying this salon heres the info i got so far......

Established location for over 15 yrs.
Supersonic Stand Up Hex 54 Bulbs
VHR Stand Up Hex 46 Bulbs
Two (2) Regular Stand Up Hex 40 Bulbs
Two (2) Regular Tanning Beds
Sun Vision Pro 28LE beds with pillows, bench with shelf
Regular Tanning Bed Forever Tan Wolff 24 bed with pillows, bench, fan with shelf
VHR Bed Clawson Centauri 36 bulb bed with pillow, bench, fan.
Priced to sell now.
A turn-key operation. Owner will stay on to train.

missmojorising · 05-26-2008, 12:50 PM

how about net sales.
# of active tanners.
The cost of running this business compared to revenue generated.
why they are closing.

Envioustans · 05-26-2008, 05:36 PM

I know they are asking 25,000 for the business. how are those beds? im thinking if there not as good i might lease or buy a few better ones .

missmojorising · 05-26-2008, 07:52 PM

equipment mix can be easily manipulated -- how much are net sales compared to what it costs them to run this business and do you have a business plan?

RCKnep3 · 05-26-2008, 10:16 PM

I just bought a salon, paid a little more but I was more buying the location. The equipement might or might not matter IMO, what are the main clients? I have beds that are newer but not as popular with other salons. If the beds look nice and tan well, I would not worry much about them for now unless you are after high end clients. Miney tan well and look nice so the people come in. I'd say like above....net profit? And make sure this is including staffing. If it makes $20,000 a year but has no payroll expense it is not worth much at all. You need to look at the net assuming you paid a staff at least min wage to run it all hours. I did that to mine and paid just under 2.5 times the net which seemed to be good. Really good to me since I love the location. Oh and what about lease details and electric? My overhead is pretty low so I can handle the slow time (now) without needed to use too much of my own $. It will be more important for you since right now is getting to the slow season for most.

05-26-2008, 08:27 AM	#1 (permalink)
Envioustans Join Date: May 18 2008 Location: Michigan Posts: 6 Rep Power: 0	What else do i need to find out? Just wondering what else id have to find out before thinking about buying this salon heres the info i got so far...... Established location for over 15 yrs. Supersonic Stand Up Hex 54 Bulbs VHR Stand Up Hex 46 Bulbs Two (2) Regular Stand Up Hex 40 Bulbs Two (2) Regular Tanning Beds Sun Vision Pro 28LE beds with pillows, bench with shelf Regular Tanning Bed Forever Tan Wolff 24 bed with pillows, bench, fan with shelf VHR Bed Clawson Centauri 36 bulb bed with pillow, bench, fan. Priced to sell now. A turn-key operation. Owner will stay on to train.

05-26-2008, 12:50 PM	#2 (permalink)
missmojorising I Love Derf! Who Doesn't? Join Date: Nov 17 2004 Location: Suite B4 Posts: 1,255 Rep Power: 28	Re: What else do i need to find out? how about net sales. # of active tanners. The cost of running this business compared to revenue generated. why they are closing. __________________ Step In To The Light, While Loving Derf. www.simplytantexas.com

05-26-2008, 05:36 PM	#3 (permalink)
Envioustans Join Date: May 18 2008 Location: Michigan Posts: 6 Rep Power: 0	Re: What else do i need to find out? I know they are asking 25,000 for the business. how are those beds? im thinking if there not as good i might lease or buy a few better ones .

05-26-2008, 07:52 PM	#4 (permalink)
missmojorising I Love Derf! Who Doesn't? Join Date: Nov 17 2004 Location: Suite B4 Posts: 1,255 Rep Power: 28	Re: What else do i need to find out? equipment mix can be easily manipulated -- how much are net sales compared to what it costs them to run this business and do you have a business plan? __________________ Step In To The Light, While Loving Derf. www.simplytantexas.com

05-26-2008, 10:16 PM	#5 (permalink)
RCKnep3 I'm Banned Join Date: Feb 23 2008 Location: Slippery Rock, PA Posts: 139 Rep Power: 0	Re: What else do i need to find out? I just bought a salon, paid a little more but I was more buying the location. The equipement might or might not matter IMO, what are the main clients? I have beds that are newer but not as popular with other salons. If the beds look nice and tan well, I would not worry much about them for now unless you are after high end clients. Miney tan well and look nice so the people come in. I'd say like above....net profit? And make sure this is including staffing. If it makes $20,000 a year but has no payroll expense it is not worth much at all. You need to look at the net assuming you paid a staff at least min wage to run it all hours. I did that to mine and paid just under 2.5 times the net which seemed to be good. Really good to me since I love the location. Oh and what about lease details and electric? My overhead is pretty low so I can handle the slow time (now) without needed to use too much of my own $. It will be more important for you since right now is getting to the slow season for most.

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