Legends massage for sale - $400 000.00. omfg! lolz
- Thread starter TT300Z
- Start date
Remember, the value of the place rests partly on. . .
the quality of the ladies working there. You remove one or two of the busy ones that bring the most clients in and it's no different than the rest of the establishments in the city. There is quite a high turnover rate in that studio - SP's burn themselves out too fast. . . and it's no secret why.
In addition, the total cost of renovations (of the old Kama Sutra rooms) is a small fraction of what they're asking for. The rest of the $ goes into "goodwill", "reputation", "name recognition" of the place as a money maker. As I've said, it's not the building that makes money, it's the popular girls that do. And if they decide to quit and move on to another studio (and remember, they can move quite easily as well), this studio will also fall into a state of mediocrity - past examples include Fantasy and MMC.
Assets can easily be determined, the operating expenditures are also quite known. The greatest variable is income - as long as the girls can pull in the customer numbers needed to keep the income much greater than expenditures - then you can calculate what your rate of return will be on the $400K and determine if the risk of owning such a business is worth taking.
the quality of the ladies working there. You remove one or two of the busy ones that bring the most clients in and it's no different than the rest of the establishments in the city. There is quite a high turnover rate in that studio - SP's burn themselves out too fast. . . and it's no secret why.
In addition, the total cost of renovations (of the old Kama Sutra rooms) is a small fraction of what they're asking for. The rest of the $ goes into "goodwill", "reputation", "name recognition" of the place as a money maker. As I've said, it's not the building that makes money, it's the popular girls that do. And if they decide to quit and move on to another studio (and remember, they can move quite easily as well), this studio will also fall into a state of mediocrity - past examples include Fantasy and MMC.
Assets can easily be determined, the operating expenditures are also quite known. The greatest variable is income - as long as the girls can pull in the customer numbers needed to keep the income much greater than expenditures - then you can calculate what your rate of return will be on the $400K and determine if the risk of owning such a business is worth taking.
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Not sure what the big deal is. She can ask what ever she wants and until someone looks at the books they will not know if the price is worth it or not. After all, is that not how the value of a business is determined. Assets and income vs. expenditures. Also some of the employees are damn hot.
Plus barriers to entry. Way too easy to build a new parlour. The hard part is developing the font line assets - Quality girls and Quaility culture.Not sure what the big deal is. She can ask what ever she wants and until someone looks at the books they will not know if the price is worth it or not. After all, is that not how the value of a business is determined. Assets and income vs. expenditures. Also some of the employees are damn hot.
It has been proven before that the wrong person can take a parlour down really quick. Where are Fantasy and Penthouse today.
In my books, buy in, maybe, buy out, never!
That's exactly what they're planning on doing. . .
There's no law that states you can't build another studio somewhere (even next door). And there's also a no law that states that there's a NO-RAID policy - the popular girls could just as easily move over (with the right incentives, i.e. profit-sharing, part-ownership, better working conditions, lesser shifts, etc.)
As far as I know, Penthouse still has basically the same ownership. They probably still do OK, but no where near when they had Lauren and Cassidy. The downfall of that studio came when Gina left as manager. After that the patients started to run the asylum.
As for Fantasy, when Avianna bought it, many of the top girls had left or were in the process of leaving. She went on to do a great job of putting the final nails in the coffin. She ended up losing everything. I think Jessie saw her coming a mile away. I guess she had the last laugh.
This is a prime case of no matter how popular and busy a studio once was, if you don't have and maintain a quality staff, it's doomed to failure.
Unfortunately, this section stopped being just about reviews a long time ago. Wouldn't it be nice if everybody posts where the're supposed to? Like SPs in the advertising section.
Very good point Mick..........
....It matters not where ya post anymore I guess!!!
If there were an EDMONTON General Discussion I would agree, but there is not. If you read the actual headings on this board, both "General Discussion" and "Edmonton" come under the "Other Canada Reviews" heading. This is an Edmonton-specific discussion and belongs in the Edmonton section, right here where it is!
I hope I did not insult anyone.
Some owners succeed and some do not. It is primarily the day-to-day management they have in place that makes the difference IMHO. Jessy had the stuff as did Gina and Nikita (and Arial?) and Sandy. I like what I am seeing from Alyson at Temptations and others as well.
Management can make or break my experience in the room through the attitude they create (culture) in the studio and in the girls. Why do you think that World Class Escorts has their training sessions and rates? I do not think they are showing the newbees the difference between an 'innie' and an 'outtie'! They are instilling the culture of service and those who just do not get it move on. Turnover IS a good thing in some cases.
High staff turnover in massage/escort is generally caused by said staff not making money. Nothing more, nothing less. Stop spreading misinformation, Cliff Clayvin.
Legends method of advertising which was primarily spamming PERB with fake reviews from shills is a good indication of how that company is run.
Some girls should stay behind the scenes. In fact, most should. Just because you own a business doesn't mean you can run it.
Didn't "Trawler" finance that place anyways? If so, the owner(s) couldn't even afford it in the first place. Disaster in the making. That fact she is selling it proves it.
retirement
Hi Guys just to let everyone know, I will be retiring as an SP as of the end of September. Legends is for sale and has several interested buyers looking at it. I think this thread is extremely rude and insulting and I have no idea what it is doing on a REVIEW board. You guys do not know how much money was put into Legends or how much income it is generating. Our asking price is not far off of the selling price of the last Edmonton studio that was generating almost as much business. Looking forward to seeing you all before I leave.
Hi Guys just to let everyone know, I will be retiring as an SP as of the end of September. Legends is for sale and has several interested buyers looking at it. I think this thread is extremely rude and insulting and I have no idea what it is doing on a REVIEW board. You guys do not know how much money was put into Legends or how much income it is generating. Our asking price is not far off of the selling price of the last Edmonton studio that was generating almost as much business. Looking forward to seeing you all before I leave.
True. A business where you may have no employees in a week, and nothing you can sell to get some of your investment out of it, is not worth a bunch.
That is hillarious, does the building come with it or is that a lease?
It would be hillarious if someone does buy it and then 2 weeks later all the girls up and leave.
Buying a MP "brand" is plain stupid, you dont own the girls so you really own nothing.
Legends current location is pretty bad, but given 400k I am sure nikita could open up a new better studio nearby and take all the girls with her.
It would be hillarious if someone does buy it and then 2 weeks later all the girls up and leave.
Buying a MP "brand" is plain stupid, you dont own the girls so you really own nothing.
Legends current location is pretty bad, but given 400k I am sure nikita could open up a new better studio nearby and take all the girls with her.
Purchaser
If the purchaser's lawyer is smart, they'll get Nikita to agree to not open a new parlour in Alberta or be employed by another parlour in Alberta, or operate an escort agency in Alberta, or work as an escort in Alberta, or have an ownership interest in another parlour in Alberta for at least 2 years.
If the purchaser's lawyer is smart, they'll get Nikita to agree to not open a new parlour in Alberta or be employed by another parlour in Alberta, or operate an escort agency in Alberta, or work as an escort in Alberta, or have an ownership interest in another parlour in Alberta for at least 2 years.
A non compete is going to be hard to make stick in this buissness, never mind that theres more then 1 current owner/investor for legends.
Once that 400k check clears legends staff will all move to another studio anyways.
I hope someone does buy it though, it will be so funny.
Once that 400k check clears legends staff will all move to another studio anyways.
I hope someone does buy it though, it will be so funny.
A few questions,and if anyone knows the answers,chip in
- Is it a lease?
- How long is it?
- How much a month?
- Whats the monthly up-keep(hydro/gas/advertising/phones/laundry etc)
- Is the license transferable,and if so,how much a year?
- What stays with the place and what is going?
400 large seems like a ridiculous amount of money for what it is
Anyone have a link for the listing?
- Is it a lease?
- How long is it?
- How much a month?
- Whats the monthly up-keep(hydro/gas/advertising/phones/laundry etc)
- Is the license transferable,and if so,how much a year?
- What stays with the place and what is going?
400 large seems like a ridiculous amount of money for what it is
Anyone have a link for the listing?
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