Comments on: New Opportunities For investing In Spas Right Now http://dsaprof.wordpress.com/2008/04/30/new-opportunities-for-investing-in-spas-right-now/ A Community Of Spa Professionals Sun, 15 Nov 2009 23:08:52 +0000 http://wordpress.com/ hourly 1 By: Felicia Brown http://dsaprof.wordpress.com/2008/04/30/new-opportunities-for-investing-in-spas-right-now/#comment-39 Felicia Brown Thu, 08 May 2008 13:10:44 +0000 http://dsaprof.wordpress.com/?p=30#comment-39 You are so right, Skip. There can be tremendous opportunities in saving a drowning spa. As you said, any investor considering this absolutely must have a thorough analysis done of the financials for the business they are planning to purchase. So many times clients have called me AFTER the purchase in a panic. They are in a state of shock as to why they can't make money either and are in fact often losing money worse than the previous owner was. This is usually due to a lack of due diligence on their part and failure to get the help of a consultant who is familiar with the industry. They don't have a good understanding of the numbers and act without getting an objective, experienced opinion on the purchase. For anyone who is looking at making this type of investment or starting up their own spa, I strongly encourage you to hire a consultant that can steer you and your new business in a profitable direction:-) You are so right, Skip. There can be tremendous opportunities in saving a drowning spa. As you said, any investor considering this absolutely must have a thorough analysis done of the financials for the business they are planning to purchase.

So many times clients have called me AFTER the purchase in a panic. They are in a state of shock as to why they can’t make money either and are in fact often losing money worse than the previous owner was. This is usually due to a lack of due diligence on their part and failure to get the help of a consultant who is familiar with the industry. They don’t have a good understanding of the numbers and act without getting an objective, experienced opinion on the purchase.

For anyone who is looking at making this type of investment or starting up their own spa, I strongly encourage you to hire a consultant that can steer you and your new business in a profitable direction:-)

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