 Re: going to buy a distressed salon
Did you run or OWN 5 other successful businesses? Because I just dont see how you have a great business sense if you are ready to buy this dump based on that P&L? Most business owners would want more info and if they didnt get it, run like hell from this place.
500+ "active accounts" doesnt mean diddly. LIke Sandi said, it could be 1 session left from 3 years ago. Could be 20 of their friends and family that dont pay. $187 in CC for ONE day doesnt mean diddly either. Why wouldnt you ask for a full months reciepts? Maybe he just had a decent day with CC? (NOT that $187 is decent at all!). Maybe that is ALL he made that day!
Your research scares me. You sound like a newbie that wont listen to the veterans who have been there done that and are telling you the truth. But, I am sure you know what you are doing more than we do. Go for it. SOunds like a GREAT salon. __________________  |