 Re: going to buy a distressed salon
HI - I am a newbie also. Opening my own salon soon. But, I am also an accountant. A profit/loss statement is ok - but you will definitely want to see their balance sheet. You notice that the profit/loss doesn't have any of their liabilities listed?!! They could have major outstanding loans, or other stuff laying in the weeds that they aren't showing you.
What is their asking price, what kind of equipment is included? |