Re: going to buy a distressed salon Okay, first nice detailed list, although I don't think anyone needed to see such a detailed list. Inventory is only worth the cost. What is their percentage of product sales to tanning? 75-80 is WAY too hot you need to be closer to 65-70 in the salon. go in there and turn it down, see where the temp hovers at. I don't think the landlord is being honest with you on that one. Find out what the size that unit, don't just take his word. This is very important if you are serious about making a nice salon. MANY clients don't like to be dying of heat in the beds. how old are the beds? After further inspection are there any physical damages on them? Heck, my electric bill is more expensive than your rent that pay's all utilities. I wouldn't sign a 10 year lease there, but if you can do a 2 or 3 year lease, what do you have to lose. Just don't dump a lot of money into it. |