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

Tanning Queen · 10th May 2008, 05:24 PM

Because they showed the expenses were $75k. There was NO profit. THis was back when the industry was better overall. IF the landlord has owned for 2 or 3 years (before you said since January...) there should be tax returns for it. From the P&L you showed, it is on track for $60k GROSS.

I dont know ANYONE on this site that works the salon 7 days open to close. MOst have someone that helps out a bit, even if it is a day or a few hours a week. There was no way I could work the salon 100% of the time by myself. And I had an all stand up salon until 2000. Much easier and faster to clean than beds.

YOu need to look at insurance for the salon too. That is at least a few grand a year.

Again, you need to budget for new/used beds, more electric, more AC (DEFINITELY) and advertising.

DId he accept your offer?

10th May 2008, 05:24 PM	#253 (permalink)
Tanning Queen Moderator Join Date: Nov 2004 Location: Six degrees left of nowhere Posts: 5,304	Re: going to buy a distressed salon Because they showed the expenses were $75k. There was NO profit. THis was back when the industry was better overall. IF the landlord has owned for 2 or 3 years (before you said since January...) there should be tax returns for it. From the P&L you showed, it is on track for $60k GROSS. I dont know ANYONE on this site that works the salon 7 days open to close. MOst have someone that helps out a bit, even if it is a day or a few hours a week. There was no way I could work the salon 100% of the time by myself. And I had an all stand up salon until 2000. Much easier and faster to clean than beds. YOu need to look at insurance for the salon too. That is at least a few grand a year. Again, you need to budget for new/used beds, more electric, more AC (DEFINITELY) and advertising. DId he accept your offer? __________________