Anyone own or know someone who owns a nail salon?

USCTrojanMan29 · 10-26-2012, 06:46 PM

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

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

Yes she is viet and speaks it fluently.

but you don't.

USCTrojanMan29 · 10-26-2012, 09:12 PM

Quote:

Originally Posted by stapler12345

but you don't.

LOL...she was born in the US.

E36Eric · 10-26-2012, 10:20 PM

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

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

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

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

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

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

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

Down in Orange County?

10-26-2012, 06:46 PM	#1
USCTrojanMan29 Registered User Join Date: Feb 2005 Location: Somewhere Posts: 1,298 My Ride: Beauty & The Beater View My Garage	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.

10-26-2012, 07:41 PM	#3
Fisch330ciTopasBlau Yes...I do think I hate you Join Date: Dec 1969 Location: Arkham Asylum Posts: 1,719 My Ride: A car. View My Garage	if not viet, no business to be in that business... __________________ -8/21/2007 RIP Grandma -pessimum genus inimicorum laudantes: flatterers are the worst type of enemies

10-26-2012, 07:52 PM	#4
Amoeba Registered User Join Date: Sep 2003 Location: Fremont, CA Posts: 1,142 My Ride: his: zhp hers: 325ci View My Garage	Is she Viet or Phillipino? __________________

10-26-2012, 08:14 PM	#5
Wes Registered User Join Date: Oct 2006 Posts: 5,463 View My Garage	du ma __________________

10-26-2012, 10:20 PM	#9
E36Eric Registered User Join Date: Dec 2002 Location: L.A. Posts: 329 My Ride: E36 View My Garage	This girl is good. Love her Vietnamese accent impression. It is spot on. __________________ "You miss 100% of the shots you don't take" -Wayne Gretzky Last edited by E36Eric; 10-26-2012 at 10:25 PM.

10-26-2012, 08:23 PM	#6
USCTrojanMan29 Registered User Join Date: Feb 2005 Location: Somewhere Posts: 1,298 My Ride: Beauty & The Beater View My Garage	Yes she is viet and speaks it fluently.

10-26-2012, 11:12 PM	#10
Ynot Registered User Join Date: Jun 2005 Location: Rockies Posts: 280 My Ride: 997 View My Garage	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. __________________

10-27-2012, 02:16 AM	#14
itzdylan24 Registered User Join Date: Mar 2009 Location: Houston, TX Posts: 68 My Ride: '01 325i Coupe View My Garage	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

10-27-2012, 08:28 AM	#16
TrippinBimmer Registered User Join Date: Jan 2008 Location: Ridgeland, MS Posts: 5,338 My Ride: ZHP Custom Stage 3.5 View My Garage	move to ms....make good money and shops cost around 35k __________________ ..::\|TrippinBimmer's Boost Build with Cool Parts\|::.. 4whp/3tq SAE Corrected \| Active Autowerke \| BimmerBrakes \| VMR Wheels \| ..::\| TrippinBimmer's New Project : 1988 e30 325e \|::..

10-27-2012, 09:58 AM	#17
Glight Registered User Join Date: Jun 2003 Location: Michigan Posts: 96 My Ride: 2003 325i View My Garage	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

10-27-2012, 02:11 PM	#18
itzdylan24 Registered User Join Date: Mar 2009 Location: Houston, TX Posts: 68 My Ride: '01 325i Coupe View My Garage	5 stations, but usually only 3 are occupied

10-27-2012, 02:36 PM	#19
_.dstrukt.n1ne libtorrent 0.13.3 Join Date: Feb 2006 Location: 127.0.0.1, California Posts: 1,100 My Ride: AC Schnitzer E46 View My Garage	Better call Saul. He has one for sale and can give you some info. __________________ Oregon, USA 2000 323i \| Brembo \| Technik \| HRE \| Toyo \| Meguiar's \| AC Schnitzer \| Alpine \| Alumapro \| H&R\| Porsche \| ASA \| MOMO \| Rogue Engineering \| Rennsport \| Hamann \| Supersprint

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