Neon Beach

I bet most of the 70K take home is from the hair and nails.

mardijean

Hire an accountant or auditor to go over the books and someone do to an independent inventory of any supplies and lotion. I purchased a salon last year and the former owner did some creative bookkeeping to say the least. She posted sales to clients accounts that did not happen etc. I'm still happy I bought the Salon but taking a little more time to do my research might have saved money and headaches. I was just too eager to leave my old job.

Mardi

Steve Underhill

This salon has obsolete equipment. It must be up-graded to compete in todays market. To up-grade this many beds is a major investment and must be considered as part of the purchase price.

You need to see the last three years income taxes.
You must do the same evaluation of the location as if it where a new salon. You must identify all of the changes that must be made along with the cost of these changes.

I think you might find that the $70,000 is partially or totally pay for working the salon. This is not to be considered in the net profit of the salon.