Posted by Eric C on February 19, 2001 at 15:57:55:
Hey David -
Should get checked into the hotel sometime late this evening (Monday nite) and I’ll try giving you a call tomorrow morning.
I’ll be at the hotel at least through Wednesday afternoon (probably Thurs).
See you,
Eric C
hair salon - Posted by newbie
Posted by newbie on February 17, 2001 at 24:50:03:
looking into buying a hair salon i did some research and found the equipment to be worth about $6,000 not including inventory of supplies the building is leased i beleive it’s about $1,200 a month, there are 2 rooms being rented out to manicurist that pay the lease, the buisness makes around $40,000 to $50,000 a year i could get it for $0 down. what would be a good price for good faith? i was thinking of offering $15,000 to $20,000 for the whole buisness and paying it on a 4 year loan at about 10% interet i’m new to this so i was wondering if anyone could help?
Re: hair salon - Posted by pboone
Posted by pboone on February 18, 2001 at 13:15:54:
Offer no more than 2x net based on tax returns. 15-20K for this is business is way out there.
No money down does not = good deal
Pat
Re: hair salon - Posted by David Alexander
Posted by David Alexander on February 17, 2001 at 11:50:39:
This is more of a business question, go to Mastermindforum.com and then go to the Business Insights Exchange.
David Alexander
Nothing to do with hair salons at all - Posted by Eric C
Posted by Eric C on February 17, 2001 at 12:58:25:
Hi there David -
Due to circumstances entirely within my control I will be “semi-stuck” in a hotel on your side of town ( more or less)early next week.
Any chance of us getting together?
That way I could finally make good on my promise to buy you a beer or two (and maybe even some food).
Yours,
Eric C
Re: Nothing to do with hair salons at all - Posted by David Alexander
Posted by David Alexander on February 17, 2001 at 18:52:23:
Absolutely!!
Talk to you soon,
David