Are these Typical numbers? - Page 2

ramcat · 08-02-2005, 09:43 AM

For those of you purchasing an existin salon..........

Do your research. See what the beds are worth. Usually 1/2 to 1/3 of the original cost. Other equipment is the same. YOu told us about cost, but what is the income? If the cost is $182K, the income should be about $270?????

Your rent is $5K per month??? The cost of lamps and workers comp is too low. Why cell phones? The talk to each other from the rooms?

Tanzenite · 08-02-2005, 06:27 PM

The cost for bulbs and lotions seem to be low for that size salon. Also, if the salon is busy, the lamps should be replaced at least twice a year. Definately look into the numbers a little more...

brit-in-florida · 08-02-2005, 07:12 PM

If the lotions costs are low, that could be good if it means they haven't sold them properly. It gives you plenty of room to increase that part of it. I agree with sunsally, about 30% of my monthly income is on lotions.

brit-in-florida · 08-02-2005, 07:15 PM

And hey Tanology, my electric bill alone is $750 this month, my rent is $4200, hope your landlord doesn't read this sight ????

Neon Beach · 08-02-2005, 11:16 PM

Sounds about right, and I think you may be a bit low!! Woo hoo, money in the bank for years to come...............

mr belvedere · 08-02-2005, 11:27 PM

That's about right for a bankruptcy proceeding. Good luck.

Neon Beach · 08-02-2005, 11:32 PM

I would negotiate those fees into the purchase price.

mr belvedere · 08-02-2005, 11:45 PM

Look, rule of thumb, totally serious now, you're way better off "starting" your own place than you are b uying someone else's failure. I don't care what thir excuse is for wanting to sell. If they were making money, they wouldn't be selling. Period.

Tanology · 08-04-2005, 10:35 AM

Quote:
On 2005-08-02 18:15:00, brit-in-florida wrote:
And hey Tanology, my electric bill alone is $750 this month, my rent is $4200, hope your landlord doesn't read this sight ????

I hope he doesn't either!LOL How many beds do you have? I have only four. But yes I am sure it won't last for much longer then I will get a wakeup call. LOL I have been renting from him for almost 3 years now and he hasn't yet. I do have a 6 year lease so when that expires I am sure he'll raise the rent.But until then I know I am so fortunate and I am putting away some money for future expansions. God Bless my landlord.LOL

tanman0302 · 08-05-2005, 12:38 PM

Quote:
On 2005-08-01 16:11:00, Tanology wrote:
Rent seems a little crazy where are you located? I am soo lucky I have 4 beds and a private area for services (skincare) and I pay ONLY $385 per month with all utilities included yeah believe it or not aircondition, electricity, heat, snowremoval, insurance on building is even included. What a steal!! I am dreading expanding because that means I have to move and my rent will be a total reality check!God Bless my landlord he even does the maintenance like if a bulb goes out!

DOES YOUR LANDLORD OWN ANY BUILDINGS IN CT???? IF SO, I'LL RENT WHATEVER IS OPEN!!!

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08-02-2005, 07:12 PM	#13 (permalink)
brit-in-florida Join Date: Apr 4 2005 Location: Florida Age: 44 Posts: 147 Rep Power: 4	If the lotions costs are low, that could be good if it means they haven't sold them properly. It gives you plenty of room to increase that part of it. I agree with sunsally, about 30% of my monthly income is on lotions.

08-02-2005, 07:15 PM	#14 (permalink)
brit-in-florida Join Date: Apr 4 2005 Location: Florida Age: 44 Posts: 147 Rep Power: 4	And hey Tanology, my electric bill alone is $750 this month, my rent is $4200, hope your landlord doesn't read this sight ????

08-02-2005, 11:16 PM	#15 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	Sounds about right, and I think you may be a bit low!! Woo hoo, money in the bank for years to come...............

08-02-2005, 11:27 PM	#16 (permalink)
mr belvedere DERFERATOR Join Date: May 10 2005 Age: 39 Posts: 8,592 Rep Power: 52	That's about right for a bankruptcy proceeding. Good luck.

08-02-2005, 11:32 PM	#17 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	I would negotiate those fees into the purchase price.

08-02-2005, 11:45 PM	#18 (permalink)
mr belvedere DERFERATOR Join Date: May 10 2005 Age: 39 Posts: 8,592 Rep Power: 52	Look, rule of thumb, totally serious now, you're way better off "starting" your own place than you are b uying someone else's failure. I don't care what thir excuse is for wanting to sell. If they were making money, they wouldn't be selling. Period.

08-04-2005, 10:35 AM	#19 (permalink)
Tanology BFF Police Patrol Join Date: Jul 23 2004 Location: BFF Headquarters!!!! Age: 34 Posts: 1,005 Rep Power: 56	Quote: On 2005-08-02 18:15:00, brit-in-florida wrote: And hey Tanology, my electric bill alone is $750 this month, my rent is $4200, hope your landlord doesn't read this sight ???? I hope he doesn't either!LOL How many beds do you have? I have only four. But yes I am sure it won't last for much longer then I will get a wakeup call. LOL I have been renting from him for almost 3 years now and he hasn't yet. I do have a 6 year lease so when that expires I am sure he'll raise the rent.But until then I know I am so fortunate and I am putting away some money for future expansions. God Bless my landlord.LOL

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