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Old 01-23-2014, 09:59 AM   #1 (permalink)
 
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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 .
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Old 01-23-2014, 10:10 AM   #2 (permalink)
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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.
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Old 01-23-2014, 11:03 AM   #3 (permalink)
 
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Re: Purchasing tanning salon

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Originally Posted by parrot head View Post
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.
I wished that this industry had enough going for it to find people interested in investing in it. Kinda like investing in a coal fired power plant.
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Old 01-23-2014, 12:43 PM   #4 (permalink)
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Re: Purchasing tanning salon

A return on their investment.
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Old 01-23-2014, 02:29 PM   #5 (permalink)
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Re: Purchasing tanning salon

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Originally Posted by shellbtan View Post
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 .

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.
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Old 01-23-2014, 07:00 PM   #6 (permalink)
 
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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]
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