Steve Underhill

It sounds like you are setting yourself up to continue the failing pattern of this salon. The only value of this salon is the current value of the equipment. You must evaluate the salon to determine how much business the salon should be doing and what changes must be made to achieve this. Buying it and turning it into a profitable salon cannot be done for 25K cash.

brit-in-florida

I bought a running salon and thought I had everything covered but there were so many small underestimates for outgoings that they added up quickly e.g. payroll taxes, relamping every bed, new acrylics for some beds, new computer, under supplying lotions, advertising. They slipped by because we did a future income based on the increase year on year shown to us, but didn't correctly see the increase in outgoings. However we have worked it out by working more hours ourselves so paying out less wages. Look on the blacker side and if it still looks OK go for it. Sometimes a risk is worth the gamble.