does this salon investment sound good - Page 6

billable · 03-10-2007, 10:35 AM

I'm glad that you take it seriously. You should. It's your money. You have received some serious advice. After that, things may have gone downhill, but odds are, you already have your mind made up. Most people don't actually ask for advice to get advice. They don't really want advice. They want reassurance that the decision they have already made was the right one.

Hopefully, you will take the advice given here for free. Stick your money back in your wallet. The reason you get such sarcasm in this thread is that it is laughable to think someone would take the deal you were offered unless you just want tohelp them out. If you know on the front end that you are throwing your money away and don't expect it back, no problem. Whatever you decide, I wish you the best.

Neon Beach · 03-10-2007, 10:36 AM

I concur.

billable · 03-10-2007, 10:36 AM

Besides, we may be wrong. Who knows.

jmiles · 03-10-2007, 11:36 AM

I think I am going to copy all of the posts I have recieved from you guys and show them to my brother. He is going to be surprised because he thinks he is going to be busy as soon as he opens his doors..

tennessee lee · 03-10-2007, 11:38 AM

It's the $4K/month salary that I'm sure everyone is not buying as some of us are single owners that don't even make that kind of money.

Neon Beach · 03-10-2007, 11:42 AM

What he said!!!!!!!!!!!!!! ^ 4K in my dreams!!!!

jmiles · 03-10-2007, 11:47 AM

what kind of revenue do you think a salon like this has the potential to generate after year 1 -2-3-4 ??????

missmojorising · 03-10-2007, 12:40 PM

Quote:

Originally Posted by jmiles

what kind of revenue do you think a salon like this has the potential to generate after year 1 -2-3-4 ??????

This depends on your equipment mix and services offered.

tennessee lee · 03-10-2007, 01:15 PM

100K+ if you bust ***.

NewOwner · 03-10-2007, 02:18 PM

I'm new to the salon business but not new to business. Your salon will profit or not profit based on the decisions you make. Whether you are the only salon or you are one of 10 your profit will be determined by you. I know. I know. Everyone knows that but it's true. Be better than your competition and you make money. Be ordinary or inferior and you won't. If your sister-in-law is a good operator than maybe you make money. I agree 48,000/yr is alot but it isn't going to make or break you. What will make or break you is how she performs. If you are serious about this you should contact a consultant. I work with SunSally and she has been a HUGE help. She sells beds but what she really does is advise you on how a salon runs from every angle. If you are serious you should PM her. It will be worth your while. Also Steve from TanAmerica would be very helpful. I'm just not a big fan of the TanAmerica beds. It sounds to me like you want to do it. My advice would be to get involved and demand a 50% stake. Anything less than 50% and you have absolutely no say in anything. Good luck to you.

03-10-2007, 10:35 AM	#51 (permalink)
billable I'm Banned Join Date: Feb 1 2006 Location: Tennessee Age: 47 Posts: 4,181 Rep Power: 0	Re: does this salon investment sound good I'm glad that you take it seriously. You should. It's your money. You have received some serious advice. After that, things may have gone downhill, but odds are, you already have your mind made up. Most people don't actually ask for advice to get advice. They don't really want advice. They want reassurance that the decision they have already made was the right one. Hopefully, you will take the advice given here for free. Stick your money back in your wallet. The reason you get such sarcasm in this thread is that it is laughable to think someone would take the deal you were offered unless you just want tohelp them out. If you know on the front end that you are throwing your money away and don't expect it back, no problem. Whatever you decide, I wish you the best.

03-10-2007, 10:36 AM	#52 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 46 Posts: 52,065 Rep Power: 0	Re: does this salon investment sound good I concur.

03-10-2007, 10:36 AM	#53 (permalink)
billable I'm Banned Join Date: Feb 1 2006 Location: Tennessee Age: 47 Posts: 4,181 Rep Power: 0	Re: does this salon investment sound good Besides, we may be wrong. Who knows.

03-10-2007, 11:36 AM	#54 (permalink)
jmiles Join Date: Mar 8 2007 Location: chicago Posts: 15 Rep Power: 0	Re: does this salon investment sound good I think I am going to copy all of the posts I have recieved from you guys and show them to my brother. He is going to be surprised because he thinks he is going to be busy as soon as he opens his doors..

03-10-2007, 11:38 AM	#55 (permalink)
tennessee lee Join Date: Oct 3 2005 Location: SOUTH Posts: 174 Rep Power: 4	Re: does this salon investment sound good It's the $4K/month salary that I'm sure everyone is not buying as some of us are single owners that don't even make that kind of money.

03-10-2007, 11:42 AM	#56 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 46 Posts: 52,065 Rep Power: 0	Re: does this salon investment sound good What he said!!!!!!!!!!!!!! ^ 4K in my dreams!!!!

03-10-2007, 11:47 AM	#57 (permalink)
jmiles Join Date: Mar 8 2007 Location: chicago Posts: 15 Rep Power: 0	Re: does this salon investment sound good what kind of revenue do you think a salon like this has the potential to generate after year 1 -2-3-4 ??????

03-10-2007, 01:15 PM	#59 (permalink)
tennessee lee Join Date: Oct 3 2005 Location: SOUTH Posts: 174 Rep Power: 4	Re: does this salon investment sound good 100K+ if you bust ***.

03-10-2007, 02:18 PM	#60 (permalink)
NewOwner I'm Matrix Man! Join Date: Jan 17 2007 Location: Delaware Posts: 128 Rep Power: 2	Re: does this salon investment sound good I'm new to the salon business but not new to business. Your salon will profit or not profit based on the decisions you make. Whether you are the only salon or you are one of 10 your profit will be determined by you. I know. I know. Everyone knows that but it's true. Be better than your competition and you make money. Be ordinary or inferior and you won't. If your sister-in-law is a good operator than maybe you make money. I agree 48,000/yr is alot but it isn't going to make or break you. What will make or break you is how she performs. If you are serious about this you should contact a consultant. I work with SunSally and she has been a HUGE help. She sells beds but what she really does is advise you on how a salon runs from every angle. If you are serious you should PM her. It will be worth your while. Also Steve from TanAmerica would be very helpful. I'm just not a big fan of the TanAmerica beds. It sounds to me like you want to do it. My advice would be to get involved and demand a 50% stake. Anything less than 50% and you have absolutely no say in anything. Good luck to you.

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