GranCanMan
New Member
Hi All,
I've just joined today in the hope of gaining some honest feedback.
I live on Gran Canaria and know nothing of the hair and beauty industry but I've an opportunity to buy an existing salon here whose owner of the last ten years is moving to mainland Spain.
She will be leaving no staff as the place was run by herself and mother.
A nice salon, 3 chairs, 2 wash stations and a treatment room fully kitted out for various treatments......
Price is very interesting at £25,000 to buy the business complete with a rental contract on the premises for 5 yrs....
I'm able to employ a former employee to hopefully run the show single handed in the first month or so.
Monthly overhead all in is circa £2,000 so would need this to break even without me taking anything.
In a nice resort village with a good reputation, busiest period here being Jan to May when apparently the shop is usually flat out.
Currently due to covid weekly takings are between £700/£1100....
Question for you pro's is....
Am I bonkers even considering this or is it worth a gamble?
Look forward to honest replies...
Thanks, Rob.
I've just joined today in the hope of gaining some honest feedback.
I live on Gran Canaria and know nothing of the hair and beauty industry but I've an opportunity to buy an existing salon here whose owner of the last ten years is moving to mainland Spain.
She will be leaving no staff as the place was run by herself and mother.
A nice salon, 3 chairs, 2 wash stations and a treatment room fully kitted out for various treatments......
Price is very interesting at £25,000 to buy the business complete with a rental contract on the premises for 5 yrs....
I'm able to employ a former employee to hopefully run the show single handed in the first month or so.
Monthly overhead all in is circa £2,000 so would need this to break even without me taking anything.
In a nice resort village with a good reputation, busiest period here being Jan to May when apparently the shop is usually flat out.
Currently due to covid weekly takings are between £700/£1100....
Question for you pro's is....
Am I bonkers even considering this or is it worth a gamble?
Look forward to honest replies...
Thanks, Rob.