 going to buy a distressed salon
Hi guys i'm a newbie here, and i'm just about to buy a tanning salon, my first one ever. The realtor helping sell the salon is actually trying to talk me OUT of buying it, but there might be other motivations for his decsions. Anyhow the salon is in distress and has no one owner and has been mismanaged if managed at all. There are a total of 8 beds and the entire place looks great. The current owners representative only gave me a profit loss statment and list of active accounts. Also two previous owners went out of business owning this very shop. I have many years of business experience and i've looked at over 10 other salons in my state and this is by far the most potential and the cheapest. Could i go over the p&l statement with you guys and if you could give me a rough idea of what will happen moving forward from those numbers it would be key to my decision making process at this point. |