Network Sites: LOOKING FIT National Tanning Training Institute
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 10th June 2005, 12:37 PM | #22 (permalink) | |
| Rookie Join Date: Jun 2005 Location: philly Posts: 24 |  Quote:
easy huh!!! | |
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| 10th June 2005, 12:42 PM | #23 (permalink) |
| Princess Pink  Join Date: May 2005 Location: Florida Posts: 792 | Yes, of course I would. If you are putting 40k cash and getting 38k in return . I would do that over and over every minute of the day if I could. The only thing I would have to ponder (besides the due dilligance period), if I tanked the business or an act of god happened, how much am I hooked on for the lease? If you own everything and you only have 40k into it, why not ? |
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| 10th June 2005, 01:19 PM | #24 (permalink) | |
| Rookie Join Date: Jun 2005 Location: philly Posts: 24 | Quote:
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| 10th June 2005, 01:43 PM | #25 (permalink) | |
| Hall of Famer  Join Date: May 2005 Location: Simplytantexas Posts: 1,645 | Quote:
"I will see the books and client list once we agree on price"--Yo People..I'm not crazy right? How else but "Put the damn brakes on and get another attorney" can a person have another opinion? Maybe you (cruise182) wanted to say something else? like for example-----"We have agreed on a price (40k right) after I saw the books and know WTF I am getting in to. My accountant and lawyer are helping me and we should have a decision by Friday." I would have skimmed right by that and not stirred up this discussion. If you have an extra $40,000.00, 2 other business that take hours from your day and no experience in the tanning bed business---I'm gonna suggest you gamble in the market... this stock is dirt cheap at the moment--one for the longer haul. Lucent Technologies Inc.: Company Report600 Mountain Avenue Murray Hill NJ 07974 Phone: (908) 582-8500 Fax: (908) 508-2576 http://www.lucent.com Industry : Processing Systems & ProductsEmployees : 31,800Exchange : NYSE Lucent Technologies Inc. (Lucent) designs and delivers the systems, services and software that drive next-generation communications networks. Lucent has three business segments organized around the products and services it sells: The Integrated Network Solutions (INS), Mobility services and Services segment. The INS segment provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services is a worldwide services organization that provides deployment, maintenance, professional and managed services in support of both product offerings, as well as multi-vendor networks. This one--not so cheap (anymore) but in 2003 it looked like a winner and in 2005- has proven to be one. Rofin-Sinar Technologies: Company Report40984 Concept Drive Plymouth MI 48170 Phone: (734) 455-5400 Fax: (734) 455-2741 http://www.rofin-sinar.com Industry : Scientific & Technical InstrumentsEmployees : 1,377Exchange : NASDAQ Rofin-Sinar Technologies Inc. (RSTI) designs, develops, engineers, manufactures and markets laser-based products, primarily used for cutting, welding and marking a range of materials. The Company's lasers all deliver a beam at guaranteed power outputs and feature compact design, high-processing speed, flexibility, low operating and maintenance costs and easy integration into the customer's production process. The Company offers its customers carbon dioxide (CO2), solid state and diode laser sources and solutions in a variety of configurations and options. Its lasers all deliver a beam at guaranteed power outputs and feature compact design, high processing speed, flexibility, low operating and maintenance costs and easy integration into the customer's production process. Stock Activity Last Price 31.59 52 Week High 42.93 52 Week Low 19.04 Volume 19,091 Average Daily Volume (13wk) 160,700 50 Day Moving Average 31.23 200 Day Moving Average 33.76 Volatility (beta) 1.8 Happy Investing! __________________ "Analyzing humor is like dissecting a frog: Nobody really enjoys it and the frog generally dies as a result." E.B. White Mojo's Motto; Hire A Professional Consultant. | |
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| 10th June 2005, 03:07 PM | #26 (permalink) | |
| Rookie Join Date: Jun 2005 Location: philly Posts: 24 | Quote:
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| 10th June 2005, 03:29 PM | #27 (permalink) |
| Hall of Famer Join Date: May 2005 Location: Simplytantexas Posts: 1,645 | there is nothing to guess about. __________________ "Analyzing humor is like dissecting a frog: Nobody really enjoys it and the frog generally dies as a result." E.B. White Mojo's Motto; Hire A Professional Consultant. |
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| 10th June 2005, 07:36 PM | #29 (permalink) |
| Veteran  Join Date: May 2005 Location: Toms River Posts: 328 | Ah, Guys..... Cruise182 is correct. No business would allow "Lookie Lous" to examine their books without some kind of a commitment. WAIT... Wait...  just stop and think for a minute.If you decided to sell your salon, would you open your books to every Tom, Dick or Harriet that expressed some interest in buying? If there is anyone out there that trusting, please write to me, I have a bridge for sale, complete with toll booth.  No, you prepare a financial statement that is offered after a intial credit check is done on the perspective buyer. You, as the owner would want something before you do that. Not a single one of you here would open your books/database to someone who walks in off of the street and asks. That would be silly and naive. "Breath deep, slow down and think" Would you open your books (the official ones and the ones you hide under the bed) to someone without some kind of effort on their part?? As Cruise said, he is not buying a pig in a poke, he has the basic info, he can make an offer based on the data and retain the option of walking away for any reason. There are still the possiblity that someone could go to that much trouble just to get a look at your books, but it is the best one can do and it is SOP. re: Lease... It is not SOP for landlords to rent to single venture LLCs or Companies in the company name. It is too easy for a single venture company to declare bankruptcy and walk away. That is why business like that are normally required to have the lease in the name of an individual. That is not say that it has never been done, just that it isn't SOP. Last edited by RTD : 10th June 2005 at 07:40 PM. |
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| 10th June 2005, 08:43 PM | #30 (permalink) |
| Hall of Famer Join Date: May 2005 Location: Simplytantexas Posts: 1,645 | Price should be set from the get go....but I am not sure this is what happened. I would not put any deposit down without having the sale price spelled out--that's allll I'm saying. __________________ "Analyzing humor is like dissecting a frog: Nobody really enjoys it and the frog generally dies as a result." E.B. White Mojo's Motto; Hire A Professional Consultant. |
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| 11th June 2005, 10:30 AM | #31 (permalink) | |
| Rookie Join Date: Jun 2005 Location: philly Posts: 24 | Quote:
The offer is based on all the information that I have been given, I know what they make I know what they spend I know how many clients. Based on all that information I have put in an offer that clearly states that the deposit is fully refundable if my accountant expresses any concerns over the book, if the numbers I was told are not accurate, if I can not secure a lease, If there are any pending lawsuits, if the clientel list is not what I was told, etc…….. At the point I get my deposit back. If all looks like what I have been told then I follow through with the purchase!! | |
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| 11th June 2005, 10:34 AM | #32 (permalink) | |
| Rookie Join Date: Jun 2005 Location: philly Posts: 24 | Quote:
as for the lease you are correct. However my furniture store has a lease under the corporate name. I originally signed the lease personally for the past 16 years. A group of investors purchased the building. They were very eager for me to stay as a tenant because of my track record. I saw how anxious they were and took the opportunity to sign the lease under the corp. name!! It took some doing but I told them I was ready to walk, which i was not....but now have a 10 year lease worth over 200,000 with no personal liability. I guess I am a bit spoiled now!! Last edited by cruise182 : 11th June 2005 at 10:41 AM. | |
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| 11th June 2005, 11:15 AM | #33 (permalink) |
| All Star  Join Date: May 2005 Location: Baltimore, MD Posts: 72  | i think you should just go ahead and do want you want to do. its obvious you arent going to listen to anyone anyway! __________________ The jerk store called. They're out of YOU! (George Costanza) |
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| 11th June 2005, 01:50 PM | #34 (permalink) | |
| Rookie Join Date: Jun 2005 Location: philly Posts: 24 | Quote:
I have listened and have received a few good points. However the majority here have focused in on the procedure of buying the business, with little or no knowledge of how that even works, rather then be forth coming with good usable information or questions I should be asking the seller. I never even asked for opinions on the buying process.... Why are you all focused in on the offer procedure? Drop it......move on.......or better yet read what RTD had to say......if you don't understand it leave it alone.........give me good information rather then argue about the process of a buying businesses!! Kimmer Please take some time and re read the thread. You may even learn something! Last edited by cruise182 : 11th June 2005 at 01:56 PM. | |
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| 11th June 2005, 02:39 PM | #35 (permalink) | ||
| All Star Join Date: May 2005 Location: Baltimore, MD Posts: 72 | Quote:
Quote:
__________________ The jerk store called. They're out of YOU! (George Costanza) | ||
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| 11th June 2005, 03:55 PM | #36 (permalink) | |
| All Star Join Date: May 2005 Location: Baltimore, MD Posts: 72 | Quote:
hahaha!!!  __________________ The jerk store called. They're out of YOU! (George Costanza) | |
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| 11th June 2005, 03:57 PM | #37 (permalink) | |
| Hall of Famer Join Date: May 2005 Location: Simplytantexas Posts: 1,645 | Quote:
It 'aint all sweetness and UV light darlin'. __________________ "Analyzing humor is like dissecting a frog: Nobody really enjoys it and the frog generally dies as a result." E.B. White Mojo's Motto; Hire A Professional Consultant. | |
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| 11th June 2005, 04:05 PM | #38 (permalink) | |
| All Star Join Date: May 2005 Location: Baltimore, MD Posts: 72 | Quote:
yeah wait till the first time someone pees in his trashcan! __________________ The jerk store called. They're out of YOU! (George Costanza) | |
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| 11th June 2005, 07:08 PM | #40 (permalink) |
| Princess Pink Join Date: May 2005 Location: Florida Posts: 792 | "I am in the process of buying an existing business. The gross is 95k the cash flow around 38k with it fully staffed. Would you buy if the books all look clean? The revenue has increased for the last 5 years. Owner is only at the saloon 4 hours a week. I am putting an offer in at 40k! What do you think?" Mods: This was the question. Insulting one another is not going to win people over or make them want to post. Posters: This is not "Burger King" you can't have it your way. If you ask a question you will get opinions . It might not be what you asked for in your head but like I said "you can't have it your way" Thats my story and I am sticking to it! |
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