I am in the process of purchasing a tanning salon. I would like to hear some feedback on the expenses I have been shown. Are they typical for a salon of this size, etc.
This is what I have, yearly figures:
Rent 61,188. 3,000 sq ft.
Emp Wages 42,000
Prop tax 2,700
Elec 10,800
Phone 864
Lotions 6,000
Bulbs 5,500 (once a year change)
Credit card fees 3,600
Insurance 3,800
Work Comp 1,200
Manager/owner (1) 17,290
Cell phones 1,380
Accountant 1,800
Manager/owner (2) 21,600
Security 300
Magic tan solu 2,000
In total that is 182,022.00. Are they not telling us about anything? We don't want to have some huge unexpected cost. I work next door,and tan there myself... beds are in good working order. Onsite laundry. I can't think of anything else.