 Re: Looking at a tanning salonl
If they pay you for it!
Equipment isnt worth much. You need to look at other things such as:
- How much room is there for growth
- How much AC
- How much electric
- Lease terms on store front
- Lease terms or payments left on beds
- ACTIVE clients in database
- Net gross income
- Contracts they are committed to that you would be responsible for (phone book advertising, etc)
- How many outstanding packages and would you be covering them yourself or would you reduce the offer price by how many are left
- Demographics of the area
- Competition. How close? Equipment they have? Etc
- What is your budget?
- Can you afford to work the salon 24/7 to bring it back to life?
- Do you have 6 mos of bills in the bank to cover the slow season?
- Do you have the capital to invest to make this venture work?
Start with those things and then see how you feel about this salon. __________________  |