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| Salon Discussion This is where you want to ask the pros anything about tanning. Anything from bed mix , employees, product mix, Planning, pricing and promotions. |
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11th March 2008, 04:27 PM
| #1 (permalink) |
| All Star Join Date: Feb 2008 Location: kenosha
Posts: 59
|  salon is worth ? 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 Last edited by TangerineTan : 11th March 2008 at 04:35 PM. Reason: h |
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| 11th March 2008, 04:34 PM | #3 (permalink) |
| All Star Join Date: Feb 2008 Location: kenosha Posts: 59 | Re: salon is worth ? I should state it is a up scale salon very clean 6 beds , 4 32 lamp stage one 1 54 lamp stage 3 and a stage 2 stand up . there is room for another bed , they have stayed at around 61000 for the last 3 years , but do no advertising , it is the cleanest slaon with the best beds in the area , also demographs are great , rent is 2100 , looking to get some sort of idea what its worth , please dont bash and say 5 grand , it brings in money and everything is paid for . Thanks |
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| 11th March 2008, 04:39 PM | #4 (permalink) |
| Moderator  Join Date: Nov 2004 Location: Six degrees left of nowhere Posts: 5,018   | Re: salon is worth ? You said GROSS $61k. Take out what it costs to run the salon yearly and what do they make? I bought my salon from the previous owners for $10k and that included the deposit on the building and 6 units. They grossed $73k their final year of biz (cant remember the other years prior to that). It aint worth more than that if they dont gross more than $100k+. __________________  |
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| 11th March 2008, 04:47 PM | #6 (permalink) |
| Moderator/Arbonne VP  Join Date: Dec 2005 Location: Michigan Posts: 3,681 | Re: salon is worth ? There are guys out there who want to buy a salon for their wife or girlfriend. That is the kind of buyer you want to look for. Normally take your net profit and ask 2 times that and then negotiate. Kathe __________________  Please talk to me if you would like to bring a great line of skin care into your salon. CLICK HERE to learn more. YES! What you use on your skin DOES matter! Arbonne - Pure, Safe & Beneficial!  NutriMinC RE9 Body Set used for 2 weeks on one foot! |
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| 11th March 2008, 04:55 PM | #8 (permalink) | |
| Hall of Famer  Join Date: Jul 2006 Location: Canada Posts: 3,865 | Re: salon is worth ? Quote:
__________________ ************************************************** ***************** 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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| 11th March 2008, 05:03 PM | #11 (permalink) |
| All Star Join Date: Feb 2008 Location: kenosha Posts: 59 | Re: salon is worth ? They are asking 40 but are very negotable I think we could get it for around 25 to 30 there is 25 grand in beds ? Last edited by TangerineTan : 11th March 2008 at 05:03 PM. Reason: f |
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| 11th March 2008, 05:03 PM | #12 (permalink) | |
| Hall of Famer  Join Date: Jun 2006 Location: in the old part of the city Posts: 2,417 | Re: salon is worth ? Quote:
If you're netting ON YOUR P&Ls $13k, yes you might expect to get $26k. IMO, list for $32k, expect to get $12-$20k. ETA: OK I see now you're wanting to buy... They're netting $17,500 a year, offer them $10k. They might take the low offer just to get out of the deal. Otherwise skip this salon. It will be more work than its worth -- is a year of your time worth $17k? I'd say you could make more, like delivering mail or answering phones... | |
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| 11th March 2008, 05:08 PM | #14 (permalink) |
| All Star Join Date: Feb 2008 Location: kenosha Posts: 59 | Re: salon is worth ? 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. |
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| 11th March 2008, 05:10 PM | #17 (permalink) |
| All Star Join Date: Feb 2008 Location: kenosha Posts: 59 | Re: salon is worth ? 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 |
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| 11th March 2008, 05:13 PM | #18 (permalink) |
| All Star Join Date: Feb 2008 Location: kenosha Posts: 59 | Re: salon is worth ? well at 4 beds new times 7000 base and one new at 13000 and one stand up new at 9000 , to me that is That is around 45 to 50k new , yes I understand you all dont think they are worth much , but hey at half that they are worth 25k , and yes I understand they are truelly only worth what some one will give ya , but hey the bank doesnt mind that , they are sunstar beds . |
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| 11th March 2008, 05:19 PM | #19 (permalink) |
| Hall of Famer Join Date: Jun 2006 Location: in the old part of the city Posts: 2,417 | Re: salon is worth ? But if you tried to sell the beds you would not get half-off the new price, you'd get maybe $2k each... Any it wouldn't matter if the beds were worth $100k, if no one is coming in to use them (hence the very low gross) their worth is ZERO. I told you what I think is reasonable, as did Tanning Queen. I'd offer $10k or walk away. |
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