How do i go about buying a salon?

My friend owns a beauty salon and is selling up!

Im stuck in a bit of a rutt with my job working 9-5 in an office and would love a career change and buying the salon just feels like the thing i need to do!

All she does is accounts and running the shop floor etc, she has a nail technician and various other people who do the work. I do accounts anyway so do you think this could be the right move for me.

I already have a mortgage, will i be able to get funds to pay for this investment.

Also, is there anyone who has done this? Will there be any problems?

Thank you in advance for your answers! x

how many customers do they have ? how many nail techs and hairdressers ? will the nail techs / hairdressers stay ?
will the customers clients they have stay ?

ask her how long she had the business ., why she is changing , what kind of work that she now plans to do ?

try to get the real lessons she learned and to evaluate if you would be interested

i think it's a hard business to go in to. doesn't mean it's not for you though . try to find out what's going on . ask the neighbors in the mall how the rental company is ? have the leases been high ? what percentage of sales do they charge ? what if you don't make it ? (assuming its in a mall and this is part of the rental terms) . look into insurance . try to know all the costs . Evaluate. Good Luck.

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