existing business vs. starting new

vette5960 · 07-09-2004, 08:41 PM

Anyone have some insight as to a better move? buying an existing business or starting one from scratch. Trying to weigh the pros and cons.

tanu01 · 07-09-2004, 08:44 PM

It depends on the current business,updated units? Large rooms? Good parking? Room for expansion? Honest books?
Flick

vette5960 · 07-11-2004, 01:36 AM

Units are about 6 years old...6 booths and 2 standups. Parking is adequate and so is room size. There is some room for expansion but the books are a handwritten ledger. Not much to actually verify.

tanu01 · 07-11-2004, 10:16 AM

6 years old now days are almost out dated.
Flick

Sarge · 07-11-2004, 10:37 AM

Depends on what units they are.

tanu01 · 07-11-2004, 08:32 PM

Lots of things have changed in the last 6 years.I've been doing this along time and dont have a bed more then4 years old.
Flick

Marilee · 07-11-2004, 11:13 PM

Hello: I manage a Community Recreation Center. WE are trying once again to Add A Sun Tan Booth to our facility. We are open 100 hours / week. WE have about 300-400 patron per day. Do you think it is realistic to project $24,000 in revenue the first year?

gatorone · 07-12-2004, 12:46 AM

Marilee, I saw that you posted this question separately, so I hope someone answers your question there. If I had to guess, I would say probably so.

To Vette. Obviously there are always going to be a lot of variables. In your situation I think one of the biggest factors is your current competition. We bought an existing salon 4 years ago. The beds were 6-7 years old then, but they were the nicest in our area. We kept the beds, but put in top of the line lamps, and our numbers in our first year exceeded the previous owners by about 125%. We've continued to grow every year since then by 25-40%. That combined with second to none customer service, should make you a success if your situation is similar to ours going in.

West Side Tanner · 07-12-2004, 01:23 PM

If you can go thru building a home, you can deal with a new bulid-out.

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07-09-2004, 08:41 PM	#1 (permalink)
vette5960 Join Date: Jun 12 2004 Posts: 13 Rep Power: 0	Anyone have some insight as to a better move? buying an existing business or starting one from scratch. Trying to weigh the pros and cons.

07-09-2004, 08:44 PM	#2 (permalink)
tanu01 "The Man" Join Date: Mar 4 2003 Location: ohio Posts: 3,977 Rep Power: 7	It depends on the current business,updated units? Large rooms? Good parking? Room for expansion? Honest books? Flick

07-11-2004, 01:36 AM	#3 (permalink)
vette5960 Join Date: Jun 12 2004 Posts: 13 Rep Power: 0	Units are about 6 years old...6 booths and 2 standups. Parking is adequate and so is room size. There is some room for expansion but the books are a handwritten ledger. Not much to actually verify.

07-11-2004, 10:16 AM	#4 (permalink)
tanu01 "The Man" Join Date: Mar 4 2003 Location: ohio Posts: 3,977 Rep Power: 7	6 years old now days are almost out dated. Flick

07-11-2004, 10:37 AM	#5 (permalink)
Sarge Join Date: Feb 22 2003 Location: Michigan Age: 44 Posts: 1,521 Rep Power: 9	Depends on what units they are.

07-11-2004, 08:32 PM	#6 (permalink)
tanu01 "The Man" Join Date: Mar 4 2003 Location: ohio Posts: 3,977 Rep Power: 7	Lots of things have changed in the last 6 years.I've been doing this along time and dont have a bed more then4 years old. Flick

07-11-2004, 11:13 PM	#7 (permalink)
Marilee Join Date: Jul 11 2004 Posts: 2 Rep Power: 0	Hello: I manage a Community Recreation Center. WE are trying once again to Add A Sun Tan Booth to our facility. We are open 100 hours / week. WE have about 300-400 patron per day. Do you think it is realistic to project $24,000 in revenue the first year?

07-12-2004, 01:23 PM	#9 (permalink)
West Side Tanner Join Date: Dec 27 2003 Location: Florida Posts: 2,548 Rep Power: 5	If you can go thru building a home, you can deal with a new bulid-out.

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