TanToday - Helping Salon Owners, One At A Time, Since 2000! - View Single Post

Brian Oshman · 3rd May 2008, 04:07 PM

Don't take the total shown and divide it by 4 and then multiply it by 12 because it won't be nowhere near that high. Jan.-Apr. is the busiest time and it is downhill from there. Bet it is more like 40K a year gross.

This place is a dog. Find out why. Don't pay anything for it. Take over the lease and assume all of the equipment if you want it but find out why it makes no money. See how (if any) advertising is done. Get tax returns and a full years profit and loss statement. Get electric bills. This is a good baromerter to see how much the beds are running. If they are only a few years old then that can be figured by total hours on the beds too.

3rd May 2008, 04:07 PM	#15 (permalink)
Brian Oshman Off The Chain Moderator Join Date: Nov 2004 Location: The Sun Doctor, Califon, NJ Posts: 6,077	Re: going to buy a distressed salon Don't take the total shown and divide it by 4 and then multiply it by 12 because it won't be nowhere near that high. Jan.-Apr. is the busiest time and it is downhill from there. Bet it is more like 40K a year gross. This place is a dog. Find out why. Don't pay anything for it. Take over the lease and assume all of the equipment if you want it but find out why it makes no money. See how (if any) advertising is done. Get tax returns and a full years profit and loss statement. Get electric bills. This is a good baromerter to see how much the beds are running. If they are only a few years old then that can be figured by total hours on the beds too. __________________ Three can keep a secret if two are dead.