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Originally Posted by NaughtyAlysha
Just adding a few things before I head out... He says his total overhead is about $2500 a month, including insurance, electric, rent, etc., but that does not include what he pays the part time girl.
However, $10,000 a month is what he makes just in the busy season (now). During the summer, he barely makes $3000 to maybe $5000 a month. Subtract the bills, and that's only a $500 profit. I wasn't thinking of me running the place myself, but maybe giving it to my daughter to run... or maybe my brother. But, I'd like to make a few bucks as well.
He wants $10,000 for everything. That includes the 4 units, the timers, the cash register, his computer system, and all of the lotions and extras.
I just don't feel like blowing $10,000 on a waste.
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Alysha,
Run down my list of questions and see if you can get an answer to most if not all from him. If he is tight for cash he won't have a problem with any of the questions.
The $10,000 asking price isn't the aspect to be worried about as it sounds like a reasonable amount. What you need to find out is if you can cover expenses during the year and still make it out with profit.