Plumber beware

Joe the plumber, the new national celebrity had better take a hard look at the business he wants to buy. In my experience when we had our hair salon business was insurance costs, power, rent and the ever-increasing triple net where the landlord charges back to the tenants every little expense. Workers compensation insurance costs were a very big drain as well.

Ya it's a wonderful time to be buying a business. I bet the current owner is selling it cheap since the housing market is doing so well. Joe please, take a good look at the big picture. If you are paying any taxes you are doing well.

And Joe if you do buy the business, don't take out a loan to do it. You stand a better chance of making a profit.