 Re: salon is worth ?
Stop the insanity. If the only way you value a business is by what the net or gross is you really don't know much about business at all! The Net or Gross valuation is just a measure of the businesses current state of management or mismanagement. There are a lot of good businesses out there that can be had cheap based on Net or Gross value. The true value in the business is what the potential is in that business or industry if you were to fix the mismanagement.
So, what the business is worth on the books and it's potential value are in most cases two completely different things. Warren Buffet buys good companies when they are worth nothing!
Tangerine .... no offence ..... you sound like a knuckle-head. A knuckle-head for not knowing shit about what you are getting in to and a knuckle-head for listening to other knuckle-heads. That dog of a salon that you are looking at is only of some value if it does a minimum of 15,000 visits per year. If this is the case, it is making about $4 per visit. That sucks! Any 1/2 brain can turn that $4 in to $8..... Any 3/4 brain can turn that in to $12 ..... and any one with a whole brain can turn it in to $16+. Do the math 15,000 visits multiplied by???? that gives you the potential! I use 15,000 as the minimum amount that any one should consider when looking at doing this business. For me personally, I would never consider looking at one of these unless it did a minimum of 30,000 visits.
Having said all that .... how do you turn $4 in to $16? Sorry, that show is only available on Pay-Per View and not on this network!
You should probably just stick to your regular job and leave the tanning to the professionals that have made tanning what it is today!
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