caribbean tan man

here it is http://providence.craigslist.org/hab/2225608870.html

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someone PM me when a good tanning topic is posted. :lol:

theislandtan

If power and AC are in and big enough to support big beds this might not be a bad deal. Overhead will be more than $2,000 a month though. If the salon is closed now it will hurt busy season. Probably by a good amount...

Get the make and model of the beds and post here.

It is $16K... In the grand scheme of things it is a drop in the bucket even if it goes bust. Most probably waste more than that on stupid crap throughout a single year!!

Offer $4K down and $500 a month with the option to buy out early. Take the rest you were planning on buying the salon with and stick in the bank to start you off and then SAVE the rest for slow season because you will need it.

Black Sun

A closed business will be hard to re-generate business. This business, IMO and personal experience (30 years as a licensed Business Broker, former hair salon owner) could have a chance of survival, but odds it (or any closed biz which is re-opened) will take 2 years to re-build consumer confidence. Once a biz closes, a black stigma falls on the location.

You are trying to re-coup the lost, in essence, of two businesses. You have to re-gain the tanning customers, the hair customers. These are totally different marketing techniques. You will have to hire: hair techs, hair stylist, tan help and all the necessary support personel to function successfully. Not to mention the needed supplies to function, plus the state licenses needed for hair operation, board of health inspections...there is a lot involved here, which I believe, you are clueless about.

Finding stylist is not easy. To be successful, they need to have built a clientel/customer support base (your financial success is based on how successful they are. Without customers coming in your stylist geenerate zero income, which in turn, you do as well). TRUST me, any successful stylist will not leave their present salon to come work at a re-opened biz that already failed once. Do you offer them booth rental or split-commission? You need contracts for both hair/nail techs.. Cost of supplies? They won't use supplies left behind. Each stylist/nail tech has their own preference. Do you have the $$ to stock their supplies?

You will have too much on your plate trying to juggle TWO new business up-starts with little experience/little capital. You are entering a dangerous pool if you go through with this. You will NEVER swim out of it.

Also, you mention the walls in the salon are 'movable' and 'not sturdy'. Are these the expensive modular walls which are so popular? If so, why are they not sturdy? Or are these 'home-made' walls which were built by 5th graders?
The place, to me, sounds very "cheesey". Not the kind of place I'd invest my time, let alone money.

If you are set on this, offer her $2,000 and take over her lease..She wants out bad, I could smell it.

cassandraxo

Yup, that's it.

cassandraxo

BlackSun, I am not clueless as you put it. This particular salon I'm talking about in this post is a tanning/nail/waxing salon - there are no hairdressers. I'm not quite sure where you got the hairdresser thing from. I know exactly which licenses I would need to have to operate this particular salon, and a hairdressers license is not one of them.

toasted1

Go for it! I wish you the best of luck.

Black Sun

[quote=cassandraxo;15047580]BlackSun, I am not clueless as you put it. This particular salon I'm talking about in this post is a tanning/nail/waxing salon - there are no hairdressers. I'm not quite sure where you got the hairdresser thing from. I know exactly which licenses I would need to have to operate this particular salon, and a hairdressers license is not one of them.[/QUOTE


I would never mix tan with nails..Tanning should be a tranquil enviroment..nail techs Yak a lot...concentrate on one or the other. No matter hair or nails, the same is needed: employees/insurance/ suppliles etc...

Give it six months, then let me know how successful it is. Seriously, I'd like to be informed.

toasted1

Did you buy it? Renegotiate the price?