Reporting Cash - Page 3 - tanTALK

Jamaican Tan · 01-25-2006, 09:43 PM

I wish we had started sooner. We missed the two expos in McDonough and Canton earlier this month. I'll definitely pass along our experiences. That's the best way to learn.

missmojorising · 01-25-2006, 10:10 PM

Sales Summary (Columns)

01-01-2005 to 01-01-2006
ReceivablesCash40,669.70 Check26,240.11 Credit Card59,932.81 On Account(0.00)Gift Cert. Redeemed(0.00)Drawer Total126,842.62 *Note: value of on account and gift certificate are not included in total

lady bug · 01-26-2006, 12:11 AM

145 seems steep for a dominant cash business, I've did the cash thing and the clean way 2 different times. Keep er clean....You will make lots of $$$ using a debit system.....really, really keep looking, eyes open, think a little bit more on it. If you take it keep it on the staright and narrow..imo

glowtanning530 · 01-26-2006, 03:48 AM

He only claimes 59k and he wants over 100k for the business that seems REALLY high. My salons revenue was WAY higher and they pocketed cash I know for a fact and I bought for 60k in California the state of high EVERYTHING do your homework! p.s. if you plan on running it yourself for a while u can cut alot of your expenses !

ltaylor · 01-26-2006, 03:58 AM

I do want to run it myself. I just want to know what I'm getting into money wise. I can make it work at 59K but it would be tight. I know most salons probably pocket some cash. He said the price is neg. so I'll be talking to him again today.

ltaylor · 01-26-2006, 03:59 AM

I'll be leaving a FT job to do this so I'm just being really cautious I guess. I do have a family to think about

tanman0302 · 01-26-2006, 04:30 AM

I think the price is extremely high!!!! What does the salon have for equipment???? I just bouught a 2nd location last year that has 6 base units and 3 upgrade beds and claimed to be doing a little more than them for 40K!!!! And it was established for about 6 years!

glowtanning530 · 01-26-2006, 04:46 AM

Tan man I agree completly the price is insanely high

ltaylor · 01-26-2006, 05:37 AM

It has 7 beds (1) Montego Bay Viper, (2) Wolff 3600 and (4) Sunliner 2400

tanman0302 · 01-26-2006, 06:33 AM

Check out the for sale section on this forum to get an idea of what the equipment is worth...my guess is about 10-12,000 total! That's not much considering the asking price. My 2nd store has ultrasun beds (1 jet 17,000 and 4 32 lamp w/3 face), and orbit, a perfect 10 suncapsule and 2 40 lamp suncapsules) My stuff is probably worth 22-26,000 and I paid 40k for the store!!! i would walk away or offer A LOT LESS!!!

01-25-2006, 09:43 PM	#21 (permalink)
Jamaican Tan Join Date: Jan 23 2006 Location: Georgia Posts: 32 Rep Power: 0	Re: Reporting Cash I wish we had started sooner. We missed the two expos in McDonough and Canton earlier this month. I'll definitely pass along our experiences. That's the best way to learn.

01-25-2006, 10:10 PM	#22 (permalink)
missmojorising I Love Derf! Who Doesn't? Join Date: Nov 17 2004 Location: Suite B4 Posts: 1,255 Rep Power: 28	Re: Reporting Cash Sales Summary (Columns) 01-01-2005 to 01-01-2006 ReceivablesCash40,669.70 Check26,240.11 Credit Card59,932.81 On Account(0.00)Gift Cert. Redeemed(0.00)Drawer Total126,842.62 *Note: value of on account and gift certificate are not included in total __________________ Step In To The Light, While Loving Derf. www.simplytantexas.com

01-26-2006, 12:11 AM	#23 (permalink)
lady bug Join Date: Mar 7 2005 Posts: 395 Rep Power: 24	Re: Reporting Cash 145 seems steep for a dominant cash business, I've did the cash thing and the clean way 2 different times. Keep er clean....You will make lots of $$$ using a debit system.....really, really keep looking, eyes open, think a little bit more on it. If you take it keep it on the staright and narrow..imo __________________

01-26-2006, 03:48 AM	#24 (permalink)
glowtanning530 Join Date: Jan 20 2006 Location: folding towels, cleaning beds, ordering lotions, fixing beds, etc. etc. etc. etc. etc. Age: 43 Posts: 1,219 Rep Power: 130	Re: Reporting Cash He only claimes 59k and he wants over 100k for the business that seems REALLY high. My salons revenue was WAY higher and they pocketed cash I know for a fact and I bought for 60k in California the state of high EVERYTHING do your homework! p.s. if you plan on running it yourself for a while u can cut alot of your expenses !

01-26-2006, 03:58 AM	#25 (permalink)
ltaylor Join Date: Jan 5 2006 Location: georgia Posts: 55 Rep Power: 0	Re: Reporting Cash I do want to run it myself. I just want to know what I'm getting into money wise. I can make it work at 59K but it would be tight. I know most salons probably pocket some cash. He said the price is neg. so I'll be talking to him again today.

01-26-2006, 03:59 AM	#26 (permalink)
ltaylor Join Date: Jan 5 2006 Location: georgia Posts: 55 Rep Power: 0	Re: Reporting Cash I'll be leaving a FT job to do this so I'm just being really cautious I guess. I do have a family to think about

01-26-2006, 04:30 AM	#27 (permalink)
tanman0302 Join Date: Jul 13 2002 Location: CT Age: 52 Posts: 759 Rep Power: 24	Re: Reporting Cash I think the price is extremely high!!!! What does the salon have for equipment???? I just bouught a 2nd location last year that has 6 base units and 3 upgrade beds and claimed to be doing a little more than them for 40K!!!! And it was established for about 6 years!

01-26-2006, 04:46 AM	#28 (permalink)
glowtanning530 Join Date: Jan 20 2006 Location: folding towels, cleaning beds, ordering lotions, fixing beds, etc. etc. etc. etc. etc. Age: 43 Posts: 1,219 Rep Power: 130	Re: Reporting Cash Tan man I agree completly the price is insanely high

01-26-2006, 05:37 AM	#29 (permalink)
ltaylor Join Date: Jan 5 2006 Location: georgia Posts: 55 Rep Power: 0	Re: Reporting Cash It has 7 beds (1) Montego Bay Viper, (2) Wolff 3600 and (4) Sunliner 2400

01-26-2006, 06:33 AM	#30 (permalink)
tanman0302 Join Date: Jul 13 2002 Location: CT Age: 52 Posts: 759 Rep Power: 24	Re: Reporting Cash Check out the for sale section on this forum to get an idea of what the equipment is worth...my guess is about 10-12,000 total! That's not much considering the asking price. My 2nd store has ultrasun beds (1 jet 17,000 and 4 32 lamp w/3 face), and orbit, a perfect 10 suncapsule and 2 40 lamp suncapsules) My stuff is probably worth 22-26,000 and I paid 40k for the store!!! i would walk away or offer A LOT LESS!!!

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