tanTALK - Tanning Salon Business Owners Community - View Single Post

faulkr · 02-13-2014, 12:52 PM

Alright, my fiancé has talked me into checking out what could be a great deal, or could be a disaster.

tanning Salon has been in business under two different names for 8 years. Owner died, equipment up for auction, no information on past revenues, etc.. I cannot get great information on equipment until the day before auction, but this is what I do have:

(5) Soltron XXS, (1) Blue Dream, (1) T-Max leg machine, (1) Royal Sun Turbo VHR, (1) Royal Sun stand-up capsule, (3) Mega Sun. Tanning lotions & misc products, 16 chairs, nice reception counter, product shelves/counters, sinette set, TV's, Dell computer, refridgerator, microwave, Washer & dryer, several large animal figurines and lots of office bric-a-brac!

All equipment seems to be at least 10 years old, but still works. Bulbs changed in beds 6 months ago.

Computer has "Helios"? software, beds have fans and timers.

Rent - 850 a month. Electricity AVERAGES 275 a month. Hours have been 10-7, no sundays. Only salon within 5 miles and located in the higher end part of town. Large Rural town/city, 50,000 people. 2 other comparable salons. One salon much nicer.

I have read many suggestions here regarding spending $$$ on upgrades to electrical, etc. That's not happening. At least for a while.

I think I can get this equipment for pennies on the dollar, so start up costs will be minimal. Thoughts?

02-13-2014, 12:52 PM	#1 (permalink)
faulkr Join Date: Feb 13 2014 Location: Enid Posts: 5 Rep Power: 0	Purchasing an existing salon... Alright, my fiancé has talked me into checking out what could be a great deal, or could be a disaster. tanning Salon has been in business under two different names for 8 years. Owner died, equipment up for auction, no information on past revenues, etc.. I cannot get great information on equipment until the day before auction, but this is what I do have: (5) Soltron XXS, (1) Blue Dream, (1) T-Max leg machine, (1) Royal Sun Turbo VHR, (1) Royal Sun stand-up capsule, (3) Mega Sun. Tanning lotions & misc products, 16 chairs, nice reception counter, product shelves/counters, sinette set, TV's, Dell computer, refridgerator, microwave, Washer & dryer, several large animal figurines and lots of office bric-a-brac! All equipment seems to be at least 10 years old, but still works. Bulbs changed in beds 6 months ago. Computer has "Helios"? software, beds have fans and timers. Rent - 850 a month. Electricity AVERAGES 275 a month. Hours have been 10-7, no sundays. Only salon within 5 miles and located in the higher end part of town. Large Rural town/city, 50,000 people. 2 other comparable salons. One salon much nicer. I have read many suggestions here regarding spending $$$ on upgrades to electrical, etc. That's not happening. At least for a while. I think I can get this equipment for pennies on the dollar, so start up costs will be minimal. Thoughts?