 Re: salon is worth ?
You'll get alot of good advice here, some you may like and some not so much but it's all worth thinking about. I just purchased a salon and it was listed at $75k (before I came across it and the seller did not know I saw the old list price). When I came into it, he had it for $50k. Looking at the numbers and advice from everyone I figured it to be valued at 30-35K. I didn't think they would drop again but I said thanks for the info but I was going to look for something in the 30-35k range. They said ok, 35k and they would finance 1/2 over 2 years with no interest and wait to start making payments for 6 months to avoid the slow season. You never know what you can get out of a desperate seller just make sure the business is worth it. Mine had gross sales of about $65k and netted almost $20k but was run poorly with alot of potential. Use the good advice here and just some judgement of your own just don't get emotionaly involved. |