Is it better to open a new day spa/salon or to purchase an existing spa?

What are the pros and cons to both sides?Is it better to open a new day spa/salon or to purchase an existing spa?
As a rule, and exisitng business is less risky to acquire as opposed to a new business. This is because the clientele is already in place and the location has already proven itself. It's nice to think ';If I build it they will come';, but unless you have a great way to communicate (better and more compeling than your competitiors) that you even exist, you'll have no customers on opening day. And what if your location turns out to be a mistake (next to a cement truck factory, for instance)?


The problem with an existing location is it may carry the stigma of the previous owners. So if you are acquiring the going concern of a successful business that you can make more successful, great, but if not, maybe not so great. You don't want the spa that closed down because of a hepatitis outbreak or the one where some guy died in the hottub.Is it better to open a new day spa/salon or to purchase an existing spa?
better to buy the one that exists as they have clientele and u will be pretty sure of an income- opening a brand new one is risky as they will probably go to the one they are use to going
I would imagine it would save you money to purchase an existing spa.
Purchasing an existing spa will be good and bad. Good is that there are existing customer, but sometimes some customers got used to the person that they were going to, when they are not here they might travel around and look for them. New salon will be risky, it might take a while to bring the businese up. Make sure you will have financial backup. New salon will be really meanful is like you have create your own baby!! Good luck!
If you open a new one, you would have to find the right location, and then rent the space, or buy it, then buy all the equipment to go in it. This could be expensive, but you would have all new stuff, that you know that works.





To purchase and exicting spa, you would have little cost to decorat it how you like it, unless you plan on adding walls and stuff like that, but for the most part, it would be cheaper. One downfall I could see is that the equipment is used, and therefor could break soon after purchase.


The clientele could be a good or bad thing. Good because people will know where you are loacated, just because of the old spa, old habits are hard to break, but could be bad, because you are a new owner, so the regulars might go somewhere else, just because your not the old owner.