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How much money does it take to start up a mobile salon

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  • How much money does it take to start up a mobile salon

    Just so I can make sure that I have enough in reserve just to start the business. I am looking to buy a brand new wag'n tails van.(still love the hanvey but wag'n tail sure it good looking and seems much more classly) I heard somewhere that Wag'n tails requires 5000 down. Now I'm not sure If I got that info from them or someone else?? So if you know anything please share I'm going to need a list of things to ask the people at wag'n tails. That'll be fun! Also, for anyone with one of those vans, how much do you pay each month for the car payment, insurance and upkeep?

  • #2
    The down payment depends on your credit/colleteral. They wanted $20,000 from me or a good cosigner. How much you need depends on your monthly costs...ALL your monthly costs, even the ones you don't know about yet. Personal and business costs. Plus you need to estimate how long you might think it will take to make enough money to make your payments. I'd allow at the very least 3 months payment cushion, maybe more. I'm working on that now too.

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    • #3
      With a very high FICO score I paid....

      10,000 down in 1998. I only had the van 3 weeks and it could not stay in Calif under any circumstances without California emmissions which it did not have. It was a mess. I did get the deposit down and bought an Odyssey with my choice of colors, and I already had my Clupper Vac. I just don't like the idea of propane. I have a flash 10 gal electric water heater that heats by the generator and also when I drive a distance. It is turned off now, because the water stays warm enough this time of year. In the summer, I have hot and hotter rather than Hot & Cold.I love my van. Odyssey doesn't advertise grooming vans that much anymore.Union, NJ

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      • #4
        What is the "Den area" on the wag'n tails web page?

        How can I log in or create an account? Or is it just when you buy a van?

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        • #5
          I put 20,000 down because I could, not sure what they were asking.
          I got the Elite with most of the bells and whistles and my payments each month are just under $1,500. My insurance bill is just under $200 a month, but I asked them to include business liability insurance which not all insurance companies can provide.
          As a rule, you should add all your monthly expenses that you believe you will have for 6 months and that's about how much you will need to save up.
          Depending on your area, and the possible growth could be more or less.
          Good luck..

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          • #6
            gee, how does one come up with 20k down when you have a mortgage and car payments and everything else? how does the little person start??

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            • #7
              Believe me, I didn't have 20,000 just laying around. I cashed in a 401K plan that I had when I quit work, The write off's the first year, way out weighed the penalty and taxes I got hit with. I just wanted lower monthly van payments.

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              • #8
                lol,sure glad I built my own! Iam on my second unit and just love it.I have all that I could want or need and plenty of space to work in.I did it all for about the 20 grand and zero monthly payments.

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                • #9
                  buying a trailer

                  My DH and I are taking a home equity loan out for 33K. WE are buy a GT trailer for 25K the loan will cost us about 250 per month which I will pay 500 per month just because i don't want to pay it for 30 years. So do you think that will get a good start for me. I don't know about insurance cost though. We want to talk to an accountant as well so that will cost me. What do you think the monthly cost is. thanks in Advance, Steph

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                  • #10
                    Originally posted by hairdevil View Post
                    gee, how does one come up with 20k down when you have a mortgage and car payments and everything else? how does the little person start??
                    My thoughts exactly!! I could barely make ends meet when I relocated my business 15 miles closer to home and lost my clientele!!
                    ~*~*~Shawn, C.M.G.~*~*~
                    Apparently common sense isn't all that common
                    *~*~emipoo on egroomer*~*~*

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                    • #11
                      I'm with you!

                      Originally posted by Doggone View Post
                      lol,sure glad I built my own! Iam on my second unit and just love it.I have all that I could want or need and plenty of space to work in.I did it all for about the 20 grand and zero monthly payments.
                      As I've mentioned in previous posts, we purchased a brand new 6x12 trailer with 6"1" ceiling and are in the process of converting it. By the time we're done with everything; the trailer, our conversion and the graphics, it will have only cost us approximately 9,000.00! And EVERYTHING is new! We should be done with it in just a few weeks from now. The best thing about it? NO monthly payments and all income will come to my business from the beginning. I don't know why anyone would want to start out a new business with so much monthly debt; kind of defeats the purpose.

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                      • #12
                        Way more money than I have!!!!!
                        "There is no psychiatrist in the world like a puppy licking your face."
                        Diane

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                        • #13
                          Maybe I'm just used to living somewhere where people think nothing about spending $60,000 on a car. There are so many around here that do, and those cars do nothing to make their owner's money. I put down $18,000 on a WNT and my monthly payments are $1,041 per month. That's less than 3 days worth of work. Gas for the week is less than 1/2 day of work. I'm more than comfortable with the amount of money I end up with at the end of the month. I wouldnt be happy working in anything other than my pet pro other than the elite (someday it will be mine, lol!)

                          Their website does have a caluclator to figure out what the monthly payments would be like with various downpayments (estimate).
                          don't find yourself up a creek without a poodle.

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                          • #14
                            Originally posted by groominglife View Post
                            How can I log in or create an account? Or is it just when you buy a van?
                            I believe that you need to be a wag'n tails owner. Call and ask they might give you the user and password for the den.

                            Darlynn
                            www.cruzinforagroomin.com
                            ***Darlynn***
                            ***DON"T HATE ME BECAUSE IM POODLEFUL!!***

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