 Re: going to buy a distressed salon
That was their gross profit with 8 beds during January to April? Make sure you get a full year of statements and not just 4 months. Also, that report is generated from Quickbooks. If you don't know how to use Quickbooks correctly when you enter information it can get messsed up very easily. My quickbooks report showed I grossed double what I really did and I thought I was doing everything right.
Anyway, unless I'm seeing things that P&L is only for 4 months. You want to see one for at least a full year and like oasis said. You need a balance sheet. __________________  |