salon is worth ? - Page 2 - TanToday - Helping Salon Owners, One At A Time, Since 2000!

TangerineTan · 11th March 2008, 05:26 PM

ok thanks I think I will offer them 6.5k and tell them I got the number from another salon , I am shure they would love to hear that , lol Thanks for your input oh buy the way Ill give you 20k for your salon ?

TangerineTan · 11th March 2008, 05:29 PM

its not our salon name but thatnks for the rude remarks , god bless you , you need as much as you can get . Thanks

SandiGirl · 11th March 2008, 05:35 PM

I thought you were selling this salon?

SandiGirl · 11th March 2008, 05:35 PM

You came for answers, you got them. You don't like them, too bad.

SandiGirl · 11th March 2008, 05:36 PM

Quote:

Originally Posted by TangerineTan

they are sunstar 32lamp 3 facials 4 of them and one 548 star power , and one sundome 54 , I know people talk bad about ets beds , but honestly they are the best in our area , the newest beds around are 10 years old these were purchased in 03 . they just recieved all new lamps last month

Define 'best'. And how do you know they're the best? What experience do you have with them versus others?

brownsuze · 11th March 2008, 05:36 PM

See you think I'm just being a jerk but the truth of the matter is THAT IS ALL THE SALON IS WORTH.

If there are no profits, what are you buying? Beds, client base & buildout. You will get nothing for the buildout should you have to close... so technically that has no value. Now you're at client base. They are not doing a good business, so that obvisouly needs help too -- very little value. Now beds... do a google search right now and you will see the same beds for less than $2k.

Max value of the business -- $6k beds + let's say $2k for the client base. That's $8k.

Tanning Queen says she paid $10k for her salon. It was a NICE salon in the suburbs of Phila (NICE suburbs) and she only closed it to care for her dying mother, it was profitable (over $200k a year GROSS) and she paid $10k, does that tell you anything?

I'm taking time away from my own PROFITABLE business to help you. You asked for help. I gave you sound advice, as did TQ.

Maybe you just don't have business savvy? and I should let you overpay for a business you will work for peanuts a month? Its really your decision...

SandiGirl · 11th March 2008, 05:38 PM

Quote:

Originally Posted by TangerineTan

Like I have said they are asking 40k , but would it be rude to offer 25k , and would it be a good deal at 25 to 30k , as I said the beds are worth 25 to 30k demographs are 90 percent white and 100plus thousand people in area , I beleive it has only done around 60 because they do no advertising at all ! its all word of mouth.

Word of mouth and location make up for 95% of how my customers found me. Sometimes you can advertise all you want...you might as well throw your money out the window.

brownsuze · 11th March 2008, 05:38 PM

Quote:

Originally Posted by TangerineTan

oh buy the way Ill give you 20k for your salon ?

Well do the math, if I'm asking $20k for my salon, what is my net?

And its BY. And SURE.

Tanning Queen · 11th March 2008, 05:57 PM

Why are you upset when we tell you it is worth LESS than what they are asking? It isnt YOUR salon so you shouldnt be offended. Why do you care if you hurt their feelings with a low offer? If you like over paying for stuff, I have a few houses that I can sell you.

Thanks Suze for pointing out the obvious with him. ANd thanks for the compliments. We still need to get together for a drink!

Oh, the owners were asking $35k when I came along, then offered it to me for $25k. I came back with $10k and they JUMPED at the chance. I saved myself $15k. Their NET was the same as what you are showing.

TangerineTan · 11th March 2008, 06:10 PM

Thanks for the input , im thinking hard about this , thanks

SandiGirl · 11th March 2008, 06:11 PM

And yes, Suze accepts your apology for being an ass when she was trying to help you.

TangerineTan · 11th March 2008, 06:21 PM

I apologize sorry , just dealing with aton of numbers the lasy couple months.

Tanning Queen · 11th March 2008, 06:23 PM

Well then just be happy that we are trying to save you money. YOu will need it in this biz!

brownsuze · 11th March 2008, 06:29 PM

One of my BFFs paid too much for her place. I, like another cool Susan I know, was a Realtor in a past life and negotiated a great deal for myself.

There is no reason to think you can't turn this salon around and make a good profit from it, but there is no reason to pay more than you should for a dud either.

They are making so little money, they will take ANY offer just to get out -- just like my old owners, just like my BFF's, just like TanningQueen's.

Now buy it for nothing, work it hard & smart for 5 years and sell it off for a huge profit!

SandiGirl · 11th March 2008, 06:31 PM

KOOOOOOmbaaaayyyyyahhhhhh

TangerineTan · 11th March 2008, 06:49 PM

yes I understand that somewhat , but also I no these people personaly , and he has a great very high paying job , and she more less does it for fun , I contacted them for the sale . They never advertised it for sale , also she has said she would like to get out of the business to have kids . oh ya they pay to employes 8hr , with out them the net is 25012 this year . I would be running the show . with maybe one girl for weekends ? And he truelly does make alot of money , she does it for more less a hobby , thats y there is no marketing or advertising . ?

Tanning Queen · 11th March 2008, 06:59 PM

WHo cares that he makes alot of money personally. THE SALON DOESNT! ANyway, if you want to over pay for a job that will make you $20k, if that then go for it.

Tanning Queen · 11th March 2008, 07:01 PM

Look, you came here for answers and we are giving the truth. I dont really care if you like it or not, but the deal is that the salon is crap and isnt worth more than $10k. IF that offends your friends, then so be it. I wish I had friends like you that would pay more for my stuff than it is worth.

TangerineTan · 11th March 2008, 07:30 PM

I understand the whole pay more than its worth , if thats the case why do people want to know the beds ? and what they are worth , if thats the case the beds are at least worth 10k and the client base would have to be worth something ? , trust me I would love to get it for 10k but I dont think its possible , I think more like 25k is . also I beleave with marketing the salon and advertising right , it could make more money .

SandiGirl · 11th March 2008, 07:35 PM

Or it might not. Why doesn't everyone already know about it if it's the nicest and best place? Do they not have a phone book? If you think you know what it's worth, why did you ask? Unfortunatley for you, they weren't in the market to sell. You just decided you thought you wanted to buy it. If you have that $25K kickin' around, fill your boots. But you need to think that maybe the money you invest in marketing might not have much ROE and you will be making what it does now, less the wages.

11th March 2008, 05:26 PM	#21 (permalink)
TangerineTan All Star Join Date: Feb 2008 Location: kenosha Posts: 59	Re: salon is worth ? ok thanks I think I will offer them 6.5k and tell them I got the number from another salon , I am shure they would love to hear that , lol Thanks for your input oh buy the way Ill give you 20k for your salon ?

11th March 2008, 05:29 PM	#22 (permalink)
TangerineTan All Star Join Date: Feb 2008 Location: kenosha Posts: 59	Re: salon is worth ? its not our salon name but thatnks for the rude remarks , god bless you , you need as much as you can get . Thanks

11th March 2008, 05:35 PM	#23 (permalink)
SandiGirl Hall of Famer Join Date: Jul 2006 Location: Canada Posts: 3,865	Re: salon is worth ? I thought you were selling this salon? __________________ ************************************************ *************** Grammar Tip of the Year - Apostrophes are for condensing and belonging...NOT pluralizing. SandiGirl ~ Changing tanning forums one apostrophe at a time.

11th March 2008, 05:35 PM	#24 (permalink)
SandiGirl Hall of Famer Join Date: Jul 2006 Location: Canada Posts: 3,865	Re: salon is worth ? You came for answers, you got them. You don't like them, too bad. __________________ ************************************************ *************** Grammar Tip of the Year - Apostrophes are for condensing and belonging...NOT pluralizing. SandiGirl ~ Changing tanning forums one apostrophe at a time.

11th March 2008, 05:36 PM	#26 (permalink)
brownsuze Hall of Famer Join Date: Jun 2006 Location: in the old part of the city Posts: 2,417	Re: salon is worth ? See you think I'm just being a jerk but the truth of the matter is THAT IS ALL THE SALON IS WORTH. If there are no profits, what are you buying? Beds, client base & buildout. You will get nothing for the buildout should you have to close... so technically that has no value. Now you're at client base. They are not doing a good business, so that obvisouly needs help too -- very little value. Now beds... do a google search right now and you will see the same beds for less than $2k. Max value of the business -- $6k beds + let's say $2k for the client base. That's $8k. Tanning Queen says she paid $10k for her salon. It was a NICE salon in the suburbs of Phila (NICE suburbs) and she only closed it to care for her dying mother, it was profitable (over $200k a year GROSS) and she paid $10k, does that tell you anything? I'm taking time away from my own PROFITABLE business to help you. You asked for help. I gave you sound advice, as did TQ. Maybe you just don't have business savvy? and I should let you overpay for a business you will work for peanuts a month? Its really your decision...

11th March 2008, 05:57 PM	#29 (permalink)
Tanning Queen Moderator Join Date: Nov 2004 Location: Six degrees left of nowhere Posts: 5,018	Re: salon is worth ? Why are you upset when we tell you it is worth LESS than what they are asking? It isnt YOUR salon so you shouldnt be offended. Why do you care if you hurt their feelings with a low offer? If you like over paying for stuff, I have a few houses that I can sell you. Thanks Suze for pointing out the obvious with him. ANd thanks for the compliments. We still need to get together for a drink! Oh, the owners were asking $35k when I came along, then offered it to me for $25k. I came back with $10k and they JUMPED at the chance. I saved myself $15k. Their NET was the same as what you are showing. __________________

11th March 2008, 06:10 PM	#30 (permalink)
TangerineTan All Star Join Date: Feb 2008 Location: kenosha Posts: 59	Re: salon is worth ? Thanks for the input , im thinking hard about this , thanks

11th March 2008, 06:11 PM	#31 (permalink)
SandiGirl Hall of Famer Join Date: Jul 2006 Location: Canada Posts: 3,865	Re: salon is worth ? And yes, Suze accepts your apology for being an ass when she was trying to help you. __________________ ************************************************ *************** Grammar Tip of the Year - Apostrophes are for condensing and belonging...NOT pluralizing. SandiGirl ~ Changing tanning forums one apostrophe at a time.

11th March 2008, 06:21 PM	#32 (permalink)
TangerineTan All Star Join Date: Feb 2008 Location: kenosha Posts: 59	Re: salon is worth ? I apologize sorry , just dealing with aton of numbers the lasy couple months.

11th March 2008, 06:23 PM	#33 (permalink)
Tanning Queen Moderator Join Date: Nov 2004 Location: Six degrees left of nowhere Posts: 5,018	Re: salon is worth ? Well then just be happy that we are trying to save you money. YOu will need it in this biz! __________________

11th March 2008, 06:29 PM	#34 (permalink)
brownsuze Hall of Famer Join Date: Jun 2006 Location: in the old part of the city Posts: 2,417	Re: salon is worth ? One of my BFFs paid too much for her place. I, like another cool Susan I know, was a Realtor in a past life and negotiated a great deal for myself. There is no reason to think you can't turn this salon around and make a good profit from it, but there is no reason to pay more than you should for a dud either. They are making so little money, they will take ANY offer just to get out -- just like my old owners, just like my BFF's, just like TanningQueen's. Now buy it for nothing, work it hard & smart for 5 years and sell it off for a huge profit!

11th March 2008, 06:31 PM	#35 (permalink)
SandiGirl Hall of Famer Join Date: Jul 2006 Location: Canada Posts: 3,865	Re: salon is worth ? KOOOOOOmbaaaayyyyyahhhhhh __________________ ************************************************ *************** Grammar Tip of the Year - Apostrophes are for condensing and belonging...NOT pluralizing. SandiGirl ~ Changing tanning forums one apostrophe at a time.

11th March 2008, 06:49 PM	#36 (permalink)
TangerineTan All Star Join Date: Feb 2008 Location: kenosha Posts: 59	Re: salon is worth ? yes I understand that somewhat , but also I no these people personaly , and he has a great very high paying job , and she more less does it for fun , I contacted them for the sale . They never advertised it for sale , also she has said she would like to get out of the business to have kids . oh ya they pay to employes 8hr , with out them the net is 25012 this year . I would be running the show . with maybe one girl for weekends ? And he truelly does make alot of money , she does it for more less a hobby , thats y there is no marketing or advertising . ?

11th March 2008, 06:59 PM	#37 (permalink)
Tanning Queen Moderator Join Date: Nov 2004 Location: Six degrees left of nowhere Posts: 5,018	Re: salon is worth ? WHo cares that he makes alot of money personally. THE SALON DOESNT! ANyway, if you want to over pay for a job that will make you $20k, if that then go for it. __________________

11th March 2008, 07:01 PM	#38 (permalink)
Tanning Queen Moderator Join Date: Nov 2004 Location: Six degrees left of nowhere Posts: 5,018	Re: salon is worth ? Look, you came here for answers and we are giving the truth. I dont really care if you like it or not, but the deal is that the salon is crap and isnt worth more than $10k. IF that offends your friends, then so be it. I wish I had friends like you that would pay more for my stuff than it is worth. __________________

11th March 2008, 07:30 PM	#39 (permalink)
TangerineTan All Star Join Date: Feb 2008 Location: kenosha Posts: 59	Re: salon is worth ? I understand the whole pay more than its worth , if thats the case why do people want to know the beds ? and what they are worth , if thats the case the beds are at least worth 10k and the client base would have to be worth something ? , trust me I would love to get it for 10k but I dont think its possible , I think more like 25k is . also I beleave with marketing the salon and advertising right , it could make more money .

11th March 2008, 07:35 PM	#40 (permalink)
SandiGirl Hall of Famer Join Date: Jul 2006 Location: Canada Posts: 3,865	Re: salon is worth ? Or it might not. Why doesn't everyone already know about it if it's the nicest and best place? Do they not have a phone book? If you think you know what it's worth, why did you ask? Unfortunatley for you, they weren't in the market to sell. You just decided you thought you wanted to buy it. If you have that $25K kickin' around, fill your boots. But you need to think that maybe the money you invest in marketing might not have much ROE and you will be making what it does now, less the wages. __________________ ************************************************ *************** Grammar Tip of the Year - Apostrophes are for condensing and belonging...NOT pluralizing. SandiGirl ~ Changing tanning forums one apostrophe at a time.

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