billable

I started my salon in 1996. (opened for a free day 12/27/06. Opened for business on 01/02/97.) Started with $13,000 cash, $50,000 loan and $25,000 line of credit. Did a lot of the work myself. Had 10 rooms built out and pre-wired. Bought 6 beds to begin with and added beds as the business required.

Neon Beach

do you still have 13K?

vettes

I bought an outdated salon in 1995 that was in business since 1985.I updated everything,beds flooring, lighting,etc...

JensSunQuest

Yah sometimes buying an existing salon and updating is your best bet....One there is established clientele.....2 alot less red tape to jump since you don't have to hire electricans, or get new permits, or lay-out etc...... you can re-do the decor and upgrade as needed....just spiffy it up.....

hockey92

equity in home... loans...savings.. and some of retirement money....

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www.koolrayztanning.com
www.mymonavie.com/ginanewsome

Neon Beach

I was bored staying at home, and the wife who makes the big bux set me up with the salon to keep my from being bored.

Sherin

I lost my mind....

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War does not determine who is right, war determines who is left.

Neon Beach

:lol:

bronze it

i had a dream . and what a good 1

jaypop

YOU GUYS ARE GREAT TO SPEAK WITH. THERE IS A BUILDING THAT USE TO BE A SALON/HEALTH CLUB IT 6700 SQFT AND IS READY FOR 12 BEDS RIGHT NOW (NEEDS A LITTLE PAINT AND NEW STORE FRONT BUT THAT IS IT. THEY WANT 275K FOR THE BUILDING WHICH IS A GREAT BUY. THE PROBLEM IS THAT IF I OPEN IN THE SMALLER LOCATION THAT IS ONLY 3 MILES AWAY SOMEONE WILL COME IN AND BUY THE PLACE AND I WOULD NEVER HAVE A CHANCE TO BUILD A CLIENT BASE. ONE OF THE PROBLEMS THAT I AM SEEING IS THAT IF I DO GO TO THAT BUILDING THAT USE TO BE A SALON THEN WILL I RUN INTO THE PROBLEM OF PEOPLE NOT WANTING TO COME TO ME BECAUSE IT USE TO BE A SALON AND THEN CLOSED OR BECAUSE I WILL OFFER A BETTER SERVICE THAN ANYBODY IN A 20 MILE RANGE WILL I GET LOYAL CUSTOMERS RIGHT OFF THE BAT. ALSO I HAVE NOT HAD A CHANCE TO EVER SEE A SALONS P&L SHEET I KNOW THE SLOW SEASON SUCKS AND YOU HAVE TO GET AND PACK AWAY ALL YOU CAN IN THE BUSY BUT HOW MUCH OF YOUR YEARLY INCOME IS IN THAT PERIOD OF TIME? I KNOW NOBODY SHARES # AND EVERY MARKET IS DIFFERENT BUT WHAT HAVE YOU GUYS EXPERIANCED? ALL I WAS LOOKING FOR IS PERCENTAGES. FROM WHAT I HAVE SEEN SO FAR THE PROFIT HAS BEEN ANYWHERE FROM 25-35% BUT HOW MUCH OF THAT IS FROM THAT 4-5 MONTH PERIOD?