Closing Salon? - Page 2

lewdyju · 06-21-2007, 01:27 PM

Have your busienss appraised, check with your accountant too to see your profit/loss margin if you don't already have an idea from your taxes. How much did you put out to get to the point you're at? You may need a professional to help you price out your place, don't under bid just because you own everything free and clear. How much would it cost you today to do it all over again? Ask yourself those questions when factoring your price.

Neon Beach · 06-21-2007, 01:31 PM

Sheesh, she only wants a lousy 18K. Put up the For Sale Sign!

angiecharm · 06-21-2007, 03:32 PM

What it would cost me If I had to start all over?
about double that

Neon Beach · 06-21-2007, 03:47 PM

More.

jojo23 · 06-21-2007, 03:55 PM

Much more. How much did you spend on the build out?

angiecharm · 06-21-2007, 04:04 PM

Build out?
what do you mean by build out?

slowhand · 06-21-2007, 06:44 PM

You would almost always get more selling the business as a whole. We just closed a salon with 20 units and we decided to have an auction. The auctioneer was familiar with other tanning auctions and we sold almost everything in the salon. We didn't get near what we paid, but we weren't stuck with anything. The auctioneer marketed to tanning and hair salons and it was mostly salon owners that were there.

pcstutsman · 06-21-2007, 07:04 PM

Definitely try to sell it as a whole right now, sounds like a good price. Just try it that way for awhile, see what bites you get on it and go from there. If you have to piece it out, then do that as a last resort.

pcstutsman · 06-21-2007, 07:05 PM

build out is what you would do to a building to make it meet your needs. Like making all the individual tanning rooms, front lobby, etc

Neon Beach · 06-21-2007, 07:24 PM

Quote:

Originally Posted by angiecharm

Build out?
what do you mean by build out?

Renovations you added. Walls, electrical, flooring and such things.

06-21-2007, 01:27 PM	#11 (permalink)
lewdyju I love Derf!! Join Date: Jul 5 2006 Location: Elk Grove, CA Posts: 1,222 Rep Power: 5	Re: Closing Salon? Have your busienss appraised, check with your accountant too to see your profit/loss margin if you don't already have an idea from your taxes. How much did you put out to get to the point you're at? You may need a professional to help you price out your place, don't under bid just because you own everything free and clear. How much would it cost you today to do it all over again? Ask yourself those questions when factoring your price. __________________ www.hotgloss.com www.myspace.com/endlesssuntanningsalon

06-21-2007, 01:31 PM	#12 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	Re: Closing Salon? Sheesh, she only wants a lousy 18K. Put up the For Sale Sign!

06-21-2007, 03:32 PM	#13 (permalink)
angiecharm Join Date: Nov 14 2006 Location: northdakota Age: 31 Posts: 105 Rep Power: 2	Re: Closing Salon? What it would cost me If I had to start all over? about double that __________________ Blondes do have more fun!

06-21-2007, 03:47 PM	#14 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	Re: Closing Salon? More.

06-21-2007, 03:55 PM	#15 (permalink)
jojo23 Join Date: Sep 5 2006 Location: Ontario Posts: 28 Rep Power: 0	Re: Closing Salon? Much more. How much did you spend on the build out?

06-21-2007, 04:04 PM	#16 (permalink)
angiecharm Join Date: Nov 14 2006 Location: northdakota Age: 31 Posts: 105 Rep Power: 2	Re: Closing Salon? Build out? what do you mean by build out? __________________ Blondes do have more fun!

06-21-2007, 06:44 PM	#17 (permalink)
slowhand Join Date: Oct 2 2004 Age: 59 Posts: 89 Rep Power: 0	Re: Closing Salon? You would almost always get more selling the business as a whole. We just closed a salon with 20 units and we decided to have an auction. The auctioneer was familiar with other tanning auctions and we sold almost everything in the salon. We didn't get near what we paid, but we weren't stuck with anything. The auctioneer marketed to tanning and hair salons and it was mostly salon owners that were there.

06-21-2007, 07:04 PM	#18 (permalink)
pcstutsman I'm Banned Join Date: Jun 27 2004 Location: Indiana Age: 28 Posts: 8,293 Rep Power: 0	Re: Closing Salon? Definitely try to sell it as a whole right now, sounds like a good price. Just try it that way for awhile, see what bites you get on it and go from there. If you have to piece it out, then do that as a last resort.

06-21-2007, 07:05 PM	#19 (permalink)
pcstutsman I'm Banned Join Date: Jun 27 2004 Location: Indiana Age: 28 Posts: 8,293 Rep Power: 0	Re: Closing Salon? build out is what you would do to a building to make it meet your needs. Like making all the individual tanning rooms, front lobby, etc

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