09-20-2003, 11:33 AM | #1 (permalink) |
Join Date: Jul 23 2003
Posts: 50
Rep Power: 0 | This board has been a great help in my learning about the many aspects of the tanning business. I was hoping your help would be instrumental in my making an offer to purchase a salon that I am interested in. Well, I was I was down to the short strokes. Just needed to plug in the client list valuation and evaluate the lease transfer details. Then make an offer. Somehow I stumbled upon the deal breaker. Wow, it was just a fluke. I just happened to learn that a 3,000 ft. P. Beach franchise is opening directly across the street. I was able to confirm it. This was weird since a couple of weeks prior, while sifting through the details of the above, I found what I thought was the perfect location for a new shop. It was in a freshly updated mall with a Blockbuster, major grocery store, Starbucks, women’s hair place, men’s hair place, etc. and right next to a high school parking lot. After finding the vacant store I drove by several times over weekend thinking, “this is perfect.” I decided to take the plunge and go for it. I called the real estate agent early Monday. Well, when the agent called back I learned that a letter of intent had already been signed by one of the regional 20 plus tan center chains. Crap! I’ve pretty much scoured the area I’m interested in and it’s scorched. Maybe it’s time to look elsewhere. Next. |
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