|
New To The Tanning Business Interested or Future Salon Business Owners discuss Topics Here and Ask Questions To The Pros. |
| LinkBack | Thread Tools |
04-23-2012, 06:14 PM | #1 (permalink) |
I'm Banned Join Date: Feb 25 2012
Posts: 72
Rep Power: 0 | Would love advice re: buying a salon SOS I have an accepted offer for a tanning salon. We are buying the equipment, computrr system and furnishings. We are not buying the actual business, as in we will be operating under a new name and business license etc. Question : do I need a lawyer to draw up a contract in regards to protect myself for any back sales taxes or pending lawsuits? Or do I just need bills of sale for the equipment, computer, lotions etc since we will be operating under our own name. Also if there are ouystanding packages and I or is she liable to fulfill them? I have a lawyer and a contract amd they are being cheap im retaining a lawyer on their end. I am just wondering if there is an easier avenue to pursue. Any advice greatly appreciated! |
04-23-2012, 10:29 PM | #2 (permalink) |
Join Date: Apr 21 2004 Location: Mass.
Posts: 698
Rep Power: 20 | Re: Would love advice re: buying a salon SOS As I see it you are opening in same building but difference owner and difference name so that mean the previous owner is out of business and the new owner will be in business , that will take you out of picture as to what is owe to any vendor or taxes, or customer , but if want to keep the customer previous you will have to see what you are loseing as to oppose to what your gaining. The idea as to buying a salon already in operation is the customer bank and doing some renovation and maybe some new equipment or better offer, it up to you to take it to another level of business. |
04-23-2012, 10:51 PM | #3 (permalink) |
I'm Banned Join Date: Feb 25 2012
Posts: 72
Rep Power: 0 | Re: Would love advice re: buying a salon SOS Im starting to think thay would be an easier route. I plan on honoring packages for a certain time, as to not lose business. Im just wondering why my lawyer hasnt brought this up as an option. If I were to buy just her equipment and cliet list and live across the city, it would seem I wouldnt be liable for any legal issues she may have currently. Im wondering if my lawyer is just trying to make a profit but turning this into a big contract. Any other input greatly appreciated. Im not buying her business, just her equipment. It just happens to be the same type of business. Any experiences out there? |
04-24-2012, 11:41 AM | #4 (permalink) | |
Join Date: Apr 21 2004 Location: Frisco, TX
Posts: 1,502
Rep Power: 20 | Re: Would love advice re: buying a salon SOS Quote:
| |
Bookmarks |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
| |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Buying second salon. Advice? | Marie713 | New To The Tanning Business | 9 | 04-17-2012 11:50 AM |
Advice about buying salon | JWalton | New To The Tanning Business | 4 | 10-20-2010 02:32 PM |
Advice on Buying a salon | soleil3 | New To The Tanning Business | 7 | 07-03-2009 11:27 AM |
Salon buying advice please | Shnerez420 | New To The Tanning Business | 20 | 05-28-2005 06:40 AM |
buying a salon - some advice.... | bschooley | New To The Tanning Business | 13 | 11-16-2004 02:06 PM |