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?