Will You Share Your PCA Please? - Page 2 - tanTALK

Brian Oshman · 05-17-2010, 09:40 PM

Quote:

Originally Posted by DeterminedMama

I will not be basing any of my decisions on any one thing said here at tanTalk. That would be incredibly ridiculous.

Yes, that would be completely ridiculous to ignore everything that has been spoon fed to you here. I mean, after all, we are just 20 year vets looking to better the industry and help those along that are new to it.

Don't forget that you were never an owner and don't really know what it takes to own a salon and besides, it was 10 years ago that you were an employee and then absent thereafter so it would be in your best interest to heed all warnings and advice given to you on this site since your recent enrollment here.

We have zero vested interest in you, your salon, or weather or not you succeed or fail, it makes no difference to us if you make it or p.iss away your life savings and end up in Divorce Court and Bankruptcy Court and take up residence in This Old Box® under the bridge. That should tell you right there that you should take everything you learned here with the utmost attention and apply it.

Don't forget, the current owner is interested in getting every bit of what he/she can out of the sale and leave you holding the cards. They will tell you everything you want to hear to get you to sign on the dotted line.

The advice you are getting is solid and from experience. Many of us here have either owned, consulted, and worked in this industry for many years. All of the mistakes are right here for you to sniff out. It doesn't get any easier than that. We did the suffering so you can reap the benefits.

DeterminedMama · 05-17-2010, 10:51 PM

Obviously I am here to learn from ya'll, otherwise I wouldn't be asking questions. And I was the one that pointed out that it's been so long for me that I want to get up to date on things. Why would you take that and slam me w/it?

I was simply responding that I wasn't going to base my whole purchasing of a salon on what one person here might say about any one thing. (Sally was implying that I shouldn't be asking what others PCA is before I sign the papers, as if that is the only question/answer I will use to make a decision). I would add a collaboration of what is said here to use as knowledge.

Did you not read that I look up to Sally? I was being complimentary in that I want to learn from her.

Brian Oshman · 05-18-2010, 07:05 AM

How about responding to the list I posted. It would be to your benefit to get direct feedback to what you are actually buying unless of course you have an unlinited amout of money to waste.

Brian Oshman · 05-18-2010, 07:19 AM

See, if you were interested in learning then you would be answering those questions but instead you pick up on what I said about not being in the business for a long period of time and never in the seat of liability.

This tells me that you are buying this place with your heart and not your head. No matter what anyone says to you, yu will buy this place even if it is the worst deal on the planet. The questions that you ask are not condusive to the purchase. Asking questions like figuring out PPA and should you do appointments are not going to help you at this point in the game. You should be answering the questions I asked and Sunsally has posted and take that feedback to decide if you should walk away or not or determine if you are being taken for a ride or not but from your posts you are not interested in the possible truth as you have already made up your mind and that is dangerous and poor business sense.

If this place is a dog are you willing to walk away or will you be emotionally attached and ride that sinking ship down the whirilpool?

Do you have what it takes to be in business for yourself?

DeterminedMama · 05-18-2010, 09:28 AM

Quote:

Originally Posted by Brian Oshman

Did you get the last three years of tax returns that were filed? What is the asking price? Not interested in the "books", just what the tax returns are, that is where the justified value is.

Also, what equipment is there?

Active clients? Not total in database but active?

Did you go over electric bills to determine if the usage coincides with the stated revenue?

What kind of lease terms are you agreeing to?

Is there room for expansion?

Is there enough electric and A/C?

Can you upgrade if needed?

What are the demographics?

Is the owner running crazy specials to pocket last minute coin and leave you holding the bag?

Do you have a way to determine what the final buyout will be?

Is the place computerized?

What is the current PPA and LPPA?

Is there any leases or liens on any of the equipment or assets?

What is the parking situation?

What is the competition?

What is your capitol reserve?

I have all of these answers, plus some that aren't listed here, but others have suggested or that I've thought of on my own. I am not able to find anything that is telling me to halt the purchase. Obviously if I find it, I will stop proceeding. At this point, my attorney, broker, cpa and loan officer aren't seeing any red.

I don't think it will do any good for me to post all of the answers to these questions because you have already made up your mind. In your opinion, not knowing me or any of my numbers, I shouldn't be purchasing this business. Dedication, passion mean nothing. The fact that it is one of the surviving salons in the US doesn't matter. (WTH would anyone want to buy one that is in the deficit?!? I certainly wouldn't).

The kind people that haven't publicly posted since early 2009 or earlier, the ones that privately msg'd me to warn me of the "elite" members that like to "bully" others when I first joined this site, the ones that I was brushing off, are proving correct!

People that they specifically mentioned as being a "bully" are now attacking me.

It's not about sharing facts, either. It's about attacking someone's thoughts or ideas.

I didn't want to believe it. Yet here it is happening!

DeterminedMama · 05-18-2010, 09:42 AM

PS

I approached him. He didn't have the business listed for sale. He wasn't looking around to dump the salon. I had been made aware of some issues he is having in his personal life and decided to approach him. He is making money. I can make more money. I already know of several tweaks to make that will guarantee to increase profit.

navigatin1 · 05-18-2010, 09:48 AM

Happy endings?

Brian Oshman · 05-18-2010, 10:17 AM

The only ones that are scared away are those afraid to discuss the truth. Good luck.

DeterminedMama · 05-18-2010, 11:08 AM

They aren't afraid of discussing the truth. According to them, and I know there are two sides to every story, but they are just not wanting to come under attack for questions they ask or things they do in their salon, when it is working for them.

There are ways of offering opinions, suggestions, and advice in a civil manner so others don't feel attacked.

Isn't this a site for salon business owners to discuss with each other? Do you have a salon, in the process of acquiring one, or are you a distributor?

eileen · 05-18-2010, 01:40 PM

DeterminedMama it won't take you long to weed out those selling behind the scenes and those that are actually here for the salon owners benefit. ;)

05-17-2010, 10:51 PM	#12 (permalink)
DeterminedMama Join Date: May 12 2010 Location: Utah Posts: 34 Rep Power: 0	Re: Will You Share Your PCA Please? Obviously I am here to learn from ya'll, otherwise I wouldn't be asking questions. And I was the one that pointed out that it's been so long for me that I want to get up to date on things. Why would you take that and slam me w/it? I was simply responding that I wasn't going to base my whole purchasing of a salon on what one person here might say about any one thing. (Sally was implying that I shouldn't be asking what others PCA is before I sign the papers, as if that is the only question/answer I will use to make a decision). I would add a collaboration of what is said here to use as knowledge. Did you not read that I look up to Sally? I was being complimentary in that I want to learn from her.

05-18-2010, 07:05 AM	#13 (permalink)
Brian Oshman Guest Join Date: Apr 29 2001 Location: Stewartsville, NJ Age: 55 Posts: 3,121 Rep Power: 0	Re: Will You Share Your PCA Please? How about responding to the list I posted. It would be to your benefit to get direct feedback to what you are actually buying unless of course you have an unlinited amout of money to waste.

05-18-2010, 07:19 AM	#14 (permalink)
Brian Oshman Guest Join Date: Apr 29 2001 Location: Stewartsville, NJ Age: 55 Posts: 3,121 Rep Power: 0	Re: Will You Share Your PCA Please? See, if you were interested in learning then you would be answering those questions but instead you pick up on what I said about not being in the business for a long period of time and never in the seat of liability. This tells me that you are buying this place with your heart and not your head. No matter what anyone says to you, yu will buy this place even if it is the worst deal on the planet. The questions that you ask are not condusive to the purchase. Asking questions like figuring out PPA and should you do appointments are not going to help you at this point in the game. You should be answering the questions I asked and Sunsally has posted and take that feedback to decide if you should walk away or not or determine if you are being taken for a ride or not but from your posts you are not interested in the possible truth as you have already made up your mind and that is dangerous and poor business sense. If this place is a dog are you willing to walk away or will you be emotionally attached and ride that sinking ship down the whirilpool? Do you have what it takes to be in business for yourself?

05-18-2010, 09:42 AM	#16 (permalink)
DeterminedMama Join Date: May 12 2010 Location: Utah Posts: 34 Rep Power: 0	Re: Will You Share Your PCA Please? PS I approached him. He didn't have the business listed for sale. He wasn't looking around to dump the salon. I had been made aware of some issues he is having in his personal life and decided to approach him. He is making money. I can make more money. I already know of several tweaks to make that will guarantee to increase profit.

05-18-2010, 09:48 AM	#17 (permalink)
navigatin1 Join Date: Aug 17 2004 Posts: 2,901 Rep Power: 21	Re: Will You Share Your PCA Please? Happy endings?

05-18-2010, 10:17 AM	#18 (permalink)
Brian Oshman Guest Join Date: Apr 29 2001 Location: Stewartsville, NJ Age: 55 Posts: 3,121 Rep Power: 0	Re: Will You Share Your PCA Please? The only ones that are scared away are those afraid to discuss the truth. Good luck.

05-18-2010, 11:08 AM	#19 (permalink)
DeterminedMama Join Date: May 12 2010 Location: Utah Posts: 34 Rep Power: 0	Re: Will You Share Your PCA Please? They aren't afraid of discussing the truth. According to them, and I know there are two sides to every story, but they are just not wanting to come under attack for questions they ask or things they do in their salon, when it is working for them. There are ways of offering opinions, suggestions, and advice in a civil manner so others don't feel attacked. Isn't this a site for salon business owners to discuss with each other? Do you have a salon, in the process of acquiring one, or are you a distributor?

05-18-2010, 01:40 PM	#20 (permalink)
eileen Join Date: Feb 10 2005 Posts: 8,304 Rep Power: 35	Re: Will You Share Your PCA Please? DeterminedMama it won't take you long to weed out those selling behind the scenes and those that are actually here for the salon owners benefit. ;) __________________ "under exposure to UV rays is as dangerous as overexposure....this is D life" eileen

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