View Single Post
Old 4th May 2008, 02:20 PM   #53 (permalink)
hiii98
Veteran
 
Join Date: May 2008
Location: At a salon near you.
Posts: 299
Default Re: going to buy a distressed salon

Give him 5k , offer to sign long term lease?

Might be able to do this without the additional 20k...

Quote:
Originally Posted by SandiGirl View Post
I would tell him that you're not in the market to fail, and with his lack of knowledge, you don't have all the correct and current facts about this business until you get your hands on it....and you don't want to pay that amount to find out it won't be as profitable as he thinks. So you can pay him the rent, and take it off his hands for $5K. The benefit being, a long term tenant and not an empty space for him to fill.

This is all after we run the reports of course.
hiii98 is online now   Reply With Quote