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Old 12th March 2008, 03:16 PM   #78 (permalink)
brownsuze
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Join Date: Jun 2006
Location: in the old part of the city
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Default Re: salon is worth ?

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Originally Posted by TangerineTan View Post
oh ya they pay to employes 8hr , with out them the net is 25012 this year .. ?
Quote:
Originally Posted by sunsally View Post
Payroll - at $7/hour, for 70 hrs/week, including taxes, etc -- is about 30K. So now you are at $6K.

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Quote:
Originally Posted by TangerineTan View Post
sunsally , you speak it how it should be , .


Quote:
Originally Posted by TangerineTan View Post
Thats what this one is at , net almost 20k but thats with no employes and gross 65k .
Quote:
Originally Posted by rcknep3 View Post
See something sounds odd there then. How could the net be 20k with no employees? Net should be after payroll to cover all the hours it is open. So they had sales of 65k then paid all their expenses, then paid all their payroll, and had a net profit of 20k?

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