Unfortunately, the building ended up assessing for $175,000 – far less than we had hoped, and we had to adjust our offer. The offer was accepted by Mr. Solmonson.
As part of the agreement, we also purchased the salon business in a separate transaction. We immediately began the steps to close the salon. We gave all the stylists 1 month of free rent while they searched for places to relocate. Luckily all of the stylists managed to relocate within that month.
We closed on Clark Memorial Hall on March 25, 2015.