Salon Purchase - Rent To High - What to do? - Page 2 - tanTALK

megatanman · 03-03-2009, 06:35 PM

The owner should have taken a match to the place a year ago.

CrystalSS · 03-03-2009, 08:53 PM

But then again it is cash flowing, maybe not big-time but workable...moving to another location...you are starting from scratch. Agree with above it is..... all or none

Steve Underhill · 03-11-2009, 12:09 PM

Quote:

Originally Posted by grundy

I'm looking at purchasing a salon that has had steady decline for the last 4 years. Gross was 06-$181, 07-$138 and 08-$97. Rent is 4k+ alone with 1 year left for 1300sqft.

I'm looking at purchasing the equipment which includes: 2 standups, 2 low end beds, 2 medium, 2 high beds, one mystic tan.

I can try to renegotiate the lease but since there is no time left and I don't want to extend it's going to be a problem.

I guess I'm trying to figure out if I will be able to sell the equipment incase things don't work out and should i walk away.

Anyone have any ideas?

If there is no time left on the lease you can get this salon for free. Go to the Landlord and tell them you would like the space and you are willing to sign a lease. The landlord will tell the current tenant to sign a lease or get out. The current tenant will not sign a new lease because they have already given up on the lease. Negotiate a better short term lease and offer almost nothing for the equipment and make all of the proper changes to make the salon successful. If you wan't to just try this salon for the last year of the lease offer almost nothing for the salon.

03-03-2009, 06:35 PM	#11 (permalink)
megatanman I love Derf!! Join Date: Aug 17 2007 Location: Ohio Age: 48 Posts: 1,360 Rep Power: 17	Re: Salon Purchase - Rent To High - What to do? The owner should have taken a match to the place a year ago.

03-03-2009, 08:53 PM	#12 (permalink)
CrystalSS Join Date: Apr 23 2008 Location: Colorado Posts: 1,042 Blog Entries: 2 Rep Power: 16	Re: Salon Purchase - Rent To High - What to do? But then again it is cash flowing, maybe not big-time but workable...moving to another location...you are starting from scratch. Agree with above it is..... all or none

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