salon is worth ?

[brownsuze]

oops missed this one -- ~almost~

Originally Posted by TangerineTan

net almost 20k but thats with no employes and gross 65k .

[SandiGirl]

Hahahha she's on a roll!

[SandiGirl]

Originally Posted by TangerineTan

ok if my salon is worth 61,000 gross , how would I figure the selling price with this ? I know there is some kind of formula , thats what I am looking for . Thanks

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.

Originally Posted by TangerineTan

I here you all , I will find out tomarrow , and be sending out pictures and so forth on how we are doing .it also brings around 13500 a year , with no advertising ,

HUH?

Originally Posted by TangerineTan

no I donot make 40k , I make around 28k , and I work in the freezing cold and hot ass sumer . It sucks , It has upgrade beds . So are you suggesting I raise the price ? or should I start some sort of EFT ? i have my tanning session posted in another thread .

[Carrie]

If your gross is 120k and your net 8k - I don't know what it would be worth 'cause I'm new at this. I did looked at a classy salon and they were asking 49k and she was in the red for 5k a month (not even breaking even after 2 years). She owed 89 in leased equipment. Her build out was 150 and she can't give that place away. Nice area, bad location.

[brownsuze]

Carrie -- start your own thread. This one is confusing enough already...

[SandiGirl]

Originally Posted by Carrie

If your gross is 120k and your net 8k - I don't know what it would be worth 'cause I'm new at this. I did looked at a classy salon and they were asking 49k and she was in the red for 5k a month (not even breaking even after 2 years). She owed 89 in leased equipment. Her build out was 150 and she can't give that place away. Nice area, bad location.

Hahah well then thanks for the input.

[TangerineTan]

also if I was driving 25 miles to a city with 5 people but returned 3 quater s of the way back ith 3 people and filled up with gas half way there how much was gas that day ?

[SandiGirl]

More than you could afford owning that salon.



BAM!

[Tanning Queen]

HAHAHAHHAHAHAH!!!!!!!!!

I dont care what you say, that was funny right dare,

[TangerineTan]

Haha that was good , i love the fact I make your borring days go by so much faster , must suck to be an old wrickley salon ownwer ! keep up the good work

[Glowtanning530]

Sandi is a hott piece of ass. I'd hit it lol.

[Tanning Queen]

Been there, done that, got the tee shirt. LOL!

[SandiGirl]

Originally Posted by TangerineTan

Haha that was good , i love the fact I make your borring days go by so much faster , must suck to be an old wrickley salon ownwer ! keep up the good work

Why are you so sensitive about a salon you don't even own Mr Pissy Pants?

[Glowtanning530]

Cuz he wanted us to come on here (in a teeteringly bad economy) and recommend he go throw his money at a salon and hope all works out.
I am going to just tell every newbie that comes on here looks like a good deal! Beds are old, no upgrades, pricing sucks, (did i mention the economy) but hey mortgage the house a second time and go for it!!!!!!!

[Glowtanning530]

Oh and when you do start making money... and you feel like your paying off yoru start up debt and are getting ahead.... you write a big fat check to the governement every quarter and at the end of the year.
Welcome to the world of self employment. Its a different world... bring your CPA.

[esun]

TangerineTan, If you want to seem smart, at least try to write smart? These text messages you send us make you look, well, uneducated.
Spell check goes a long way to helping you look more intelligent, Thats the red line under half the words you spell, just right click on them and it will help you spell them correctly. I'm just trying to be helpful, not insulting.
To answer your original question, there is no real formula when it comes to tanning salons. The salon is worth what ever someone is willing to pay for it. Will it or can it make more money? Thats the real question and no one can answer that until they try to run it. Can you pay too much and have it flop? Of course and thats what people here are trying to save you from. Many here have already made these mistakes. They are just trying to help you from making the same. Will you listen?
If you want it that bad, buy it, no one is stopping you. We are just trying to let you see inside our heads and see that owning a small tanning salon is not the best place you could be spending your money, especially now!
Use search and you will find 10's if not hundreds of posts just like this one and they all say the same thing.
Small tanning salons are duds if you are looking to make money, You need at least 8 beds and many think double that. And who is to say that a month after you buy, Planet beach or someone opens down the street and undercuts you every way they can, will you survive?
Try something else..put in the other 7 months and get your electricians license, the building boom will start again at some point! It will probably be a better return on your investment. Or look at something else, like pizza! Everyone needs to eat, few choose to tan.
(and fewer everyday as I see it) It may take years for this business to make a comeback, then again, it just may never comeback.
Just my 3 cents...wait, I'll need to take one back, I have to pay some bills..

[brownsuze]

Go get some botox ESun, this genius already made the $25k offer...

[TangerineTan]

actually we decided not to do it .

[Glowtanning530]

Really?
Why?

[SandiGirl]

He's so smart he's gonna wing it on his own!