01-23-2014, 09:59 AM | #1 (permalink) |
Join Date: Jan 20 2014 Location: oregon
Posts: 2
Rep Power: 0 | Purchasing tanning salon I am looking into buying a salon in the future I have been doing lots of research, I am putting together business plan and looking for investors. I am just not sure what to offer for compensation for the investors . |
01-23-2014, 10:10 AM | #2 (permalink) |
Team TanTalk Join Date: Jul 13 2004 Location: Menomonie, Wi. Age: 82
Posts: 3,145
Rep Power: 22 | Re: Purchasing tanning salon Sorry, but you will find no investors for a tanning salon. No banks, SBA, or individuals will borrow money for this big of a risk. Just telling it like it is, sorry. |
01-23-2014, 02:29 PM | #5 (permalink) | |
Team TanTalk Join Date: Nov 23 2004 Location: ITA Member & Berman Supporter!
Posts: 3,136
Rep Power: 25 | Re: Purchasing tanning salon Quote:
Like any business purchase, investors are going to be interested in the return on their money. If you are buying an existing salon, you will have their numbers on assets and net profits. You will share this with the investors. Based on the value, they will typically want either a payoff plan for when their money will be returned (and at what additional amount that will represent their ROI for lending you the money) and/or a percentage of ownership in the business and resulting percentage of profits that come from it. | |
01-23-2014, 07:00 PM | #6 (permalink) |
Join Date: Jan 20 2014 Location: oregon
Posts: 2
Rep Power: 0 | Re: Purchasing tanning salon [ Thank you sunsally QUOTE=sunsally;15081922]Like any business purchase, investors are going to be interested in the return on their money. If you are buying an existing salon, you will have their numbers on assets and net profits. You will share this with the investors. Based on the value, they will typically want either a payoff plan for when their money will be returned (and at what additional amount that will represent their ROI for lending you the money) and/or a percentage of ownership in the business and resulting percentage of profits that come from it.[/quote] |
Bookmarks |
Tags |
financing , new salon |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
| |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Possibly purchasing a new tanning salon in Canada | beccasteps | New To The Tanning Business | 2 | 04-02-2013 03:20 AM |
HELP ME!!! Maybe Purchasing First Salon!! | kbsunlover | New To The Tanning Business | 102 | 10-23-2009 04:22 PM |
Need advice for purchasing a tanning salon. | lifeisgood | General Tanning Industry Discussions | 24 | 02-27-2008 09:16 AM |
Purchasing a second salon | British girl | General Tanning Industry Discussions | 30 | 02-23-2007 09:49 PM |
So Im purchasing an existing tanning salon.. | GiXxXie | General Tanning Industry Discussions | 13 | 08-10-2006 07:48 AM |