E46Fanatics

E46Fanatics (http://forum.e46fanatics.com/index.php)
-   General Off-Topic (http://forum.e46fanatics.com/forumdisplay.php?f=24)
-   -   Anyone own or know someone who owns a nail salon? (http://forum.e46fanatics.com/showthread.php?t=952670)

USCTrojanMan29 10-26-2012 06:46 PM

Anyone own or know someone who owns a nail salon?
 
My girlfriend is thinking about buying one or opening one up next year. She manages one right now and when she was married her and her husband owned a few of them in FL. I'm curious if anyone owns one or knows anyone who owns because I may be interested in being a part owner with her.

GRIFFIN 10-26-2012 07:02 PM

Quote:

Originally Posted by USCTrojanMan29 (Post 14850068)
My girlfriend is thinking about buying one or opening one up next year. She manages one right now and when she was married her and her husband owned a few of them in FL. I'm curious if anyone owns one or knows anyone who owns because I may be interested in being a part owner with her.

Isn't this racist since she an Asian woman?

Fisch330ciTopasBlau 10-26-2012 07:41 PM

if not viet, no business to be in that business...

Amoeba 10-26-2012 07:52 PM

Is she Viet or Phillipino?

Wes 10-26-2012 08:14 PM

du ma

USCTrojanMan29 10-26-2012 08:23 PM

Yes she is viet and speaks it fluently.

stapler12345 10-26-2012 08:42 PM

Quote:

Originally Posted by USCTrojanMan29 (Post 14850233)
Yes she is viet and speaks it fluently.

but you don't. :evil:

http://www.youtube.com/watch?v=3kbGrQe17cU

USCTrojanMan29 10-26-2012 09:12 PM

Quote:

Originally Posted by stapler12345 (Post 14850265)

LOL...she was born in the US. ;) :P

E36Eric 10-26-2012 10:20 PM

This girl is good. Love her Vietnamese accent impression. It is spot on.

http://youtu.be/SsWrY77o77o

Ynot 10-26-2012 11:12 PM

Not exactly a business you want to get into, very cutthroat, and there is one on every corner. To make money, you need to go somewhere where there is no competition, which is very hard. You have people who will work for you, save every penny and open a shop right next to you and will try to charge less. I have friends who had them, one had 11 salons and managed them. He sold them all, opened a liquor, wine store, and owns a lot of commercial real estate. It used to be extremely profitable but it's harder to make money these days. I still have a friend who owns a successfully salon but most of his clients are wealthy. He doesn't have to worry about competition, he charges a premium and provides premium service. His place has turned into a meeting hall for the wealthy stay at home moms.

BruceWonder 10-26-2012 11:53 PM

Quote:

Originally Posted by USCTrojanMan29 (Post 14850233)
Yes she is viet and speaks it fluently.

if shes been in the business then she'll be OK. How Viet pays their employees, politics etc. My aunt owns 2 but not here in CA...too many competition. My GF aunt also floats arounds.

v8 5 10-27-2012 12:26 AM

Quote:

Originally Posted by BruceWonder (Post 14850590)
How Viet pays their employees

Do they pay them in pho or something?

USCTrojanMan29 10-27-2012 02:04 AM

Quote:

Originally Posted by Ynot (Post 14850535)
Not exactly a business you want to get into, very cutthroat, and there is one on every corner. To make money, you need to go somewhere where there is no competition, which is very hard. You have people who will work for you, save every penny and open a shop right next to you and will try to charge less. I have friends who had them, one had 11 salons and managed them. He sold them all, opened a liquor, wine store, and owns a lot of commercial real estate. It used to be extremely profitable but it's harder to make money these days. I still have a friend who owns a successfully salon but most of his clients are wealthy. He doesn't have to worry about competition, he charges a premium and provides premium service. His place has turned into a meeting hall for the wealthy stay at home moms.

I understand that and that's why location is very key. You not only need to be in the right location for the clients but also in the right location for the workers. She understands the operations side of business backwards and forwards since she ran a few locations in FL with her ex husband. She knows how to spot good employees, keep them motivated, the right pricing strategy, which services to offer customers, etc. I can provide the commercial real estate experience, lease negotiation, financing knowledge, accounting/tax side, and budgeting/forecasting skills.

itzdylan24 10-27-2012 02:16 AM

my step mom owns one here in houston, its quite profitable...at least from what i can tell she just bought a brand new lexus rx

USCTrojanMan29 10-27-2012 04:02 AM

Quote:

Originally Posted by itzdylan24 (Post 14850710)
my step mom owns one here in houston, its quite profitable...at least from what i can tell she just bought a brand new lexus rx

How many stations does her salon have?

TrippinBimmer 10-27-2012 08:28 AM

move to ms....make good money and shops cost around 35k

Glight 10-27-2012 09:58 AM

I'd be happy to pull some transaction multiples for you so you can see what they usually sell for. Pm me your email address if your interested

itzdylan24 10-27-2012 02:11 PM

5 stations, but usually only 3 are occupied

_.dstrukt.n1ne 10-27-2012 02:36 PM

Better call Saul. He has one for sale and can give you some info.

USCTrojanMan29 10-28-2012 01:14 PM

Quote:

Originally Posted by _.dstrukt.n1ne (Post 14851388)
Better call Saul. He has one for sale and can give you some info.

Down in Orange County?


All times are GMT -5. The time now is 06:30 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
(c) 1999 - 2011 performanceIX Inc - privacy policy - terms of use