tanTALK - Tanning Salon Business Owners Community - View Single Post - Life Expectancy of Tanning Beds and Depreciation

tametaray47 · 02-13-2008, 08:58 PM

I have a couple questions.

First question, what is the life expectancy of a commercial tanning bed that originally cost between four to six thousand dollars assuming it is well maintained? Now, I know this is a vague question, but I'm just curious as to how long they tend to last. For example, is a 5 year-old tanning bed considered old, or REALLY old, or not that old at all?

My second question is in regards to the depreciation of tanning beds overtime. How accurate is this quote from this article?

"As a general rule, tanning beds that are 3 years old and are properly maintained will have a value of about $.15 to $.20 on the dollar. For example: if the purchase price of the bed was $10,000 new, then the value of that bed is around $1500, $2000 after 3 years provided it is in an average condition." - Source: http://www.insun.us/negotiate-salon-purchase.php

Essentially, I'm trying to assess the value of a tanning salon with 3 regular beds that are 5 years old, 1 high pressure bed that is 3 years old, and 1 standup bed that is 2 years old. I have yet to get the make and models of these beds, but I will have that info soon. For now, I'm trying to get a general idea of the life expectancy of tanning beds and how they depreciate overtime. Thanks.

02-13-2008, 08:58 PM	#1 (permalink)
tametaray47 Join Date: Mar 5 2008 Posts: 0 Rep Power: 0	Life Expectancy of Tanning Beds and Depreciation I have a couple questions. First question, what is the life expectancy of a commercial tanning bed that originally cost between four to six thousand dollars assuming it is well maintained? Now, I know this is a vague question, but I'm just curious as to how long they tend to last. For example, is a 5 year-old tanning bed considered old, or REALLY old, or not that old at all? My second question is in regards to the depreciation of tanning beds overtime. How accurate is this quote from this article? "As a general rule, tanning beds that are 3 years old and are properly maintained will have a value of about $.15 to $.20 on the dollar. For example: if the purchase price of the bed was $10,000 new, then the value of that bed is around $1500, $2000 after 3 years provided it is in an average condition." - Source: http://www.insun.us/negotiate-salon-purchase.php Essentially, I'm trying to assess the value of a tanning salon with 3 regular beds that are 5 years old, 1 high pressure bed that is 3 years old, and 1 standup bed that is 2 years old. I have yet to get the make and models of these beds, but I will have that info soon. For now, I'm trying to get a general idea of the life expectancy of tanning beds and how they depreciate overtime. Thanks.