I am bowing out - tanTALK

dmunoz · 09-20-2004, 10:16 PM

I decided not to open a tanning salon. It was a hard decision for my wife and I. We spent so much time getting financing, writing a business plan, looking for a location, going through architectural designs and coming one day close to signing a lease. But it seems like all of the negatives outweigh the positives. I am a bit sad but am looking forward to doing something else with my money. I want to thank all of the people that helped me on this web-site, and would like to offer a bit of advise for all future salon owners, 1. Write a Business Plan (Make sure to include an exit strategy) 2. When looking for space, make Electrical Power your top priority 3. Check out your competition, know the beds they have and the prices they charge 4. Find a good electrician, get to know terms like "Continuous Load", "Amps", "Volts", "Single Phase" and "Three Phase". Well I think that is enough for now. I wish you guys best of luck, I will poke my head in every now and then just because I like this forum. Oh Yeah, by the way...I am an Architect, so if you have any questions, please feel free to ask.

RandyR · 09-21-2004, 12:19 AM

Good luck with whatever you decide to do DMunoz. With lots thought and planning I'm sure your venture will be a success!

Neon Beach · 09-21-2004, 09:04 AM

Sorry to hear it wasn't feasible for you and best wishes.

tanu01 · 09-21-2004, 09:06 AM

Maby another day,another time. Good luck.
Bob

absolutestyle · 09-21-2004, 09:18 AM

GOOD LUCK,YOU'LL DO WELL, I WISH EVERYBODY WOULD DO THEIR HOME WORK BEFORE JUMPING
INTO IT YOU DO NEED TO RESEARCH,RESEARCH,YOU CAN DO ENOUGH,EVEN AFTER YOU OPEN, IT WILL SAVE YOU MONEY!!!!

COCONUT · 09-21-2004, 09:46 AM

good luck to you..

dmunoz · 09-21-2004, 12:23 PM

I did allot of research that is why I am backing out. I do not feel comfortable spending all of my liquid money for a risky reward. I think that you need over$150K to invest, avoid leasing companies and have enough money to carry you for at least 6 months. I also belive you need to diversify by adding other services to your salon such as Massages, Spa Treatments and definetly Sunless Tanning. At least this is what I know about the NY area. Either way, I learned allot and had fun doing it. I enjoy the business spirit of this forum and hope to add where I can.

engfant · 09-21-2004, 12:25 PM

One of the smartest business decisions is knowing when NOT to invest your money.

perfecttan01 · 09-21-2004, 01:09 PM

Good luck, in what ever you decide to .do I feel it will most likely be a sucess.
You are wise enough to research and save your money for a safe investment.
Best to you.

pam · 09-21-2004, 02:32 PM

I hate to admit it but I agree with Engfant It is far better to thoroughly research something and decide against it than to just jump in with both feet and then wonder 'what the heck happened?' Good Luck!

09-20-2004, 10:16 PM	#1 (permalink)
dmunoz Join Date: Jul 29 2004 Posts: 17 Rep Power: 0	I decided not to open a tanning salon. It was a hard decision for my wife and I. We spent so much time getting financing, writing a business plan, looking for a location, going through architectural designs and coming one day close to signing a lease. But it seems like all of the negatives outweigh the positives. I am a bit sad but am looking forward to doing something else with my money. I want to thank all of the people that helped me on this web-site, and would like to offer a bit of advise for all future salon owners, 1. Write a Business Plan (Make sure to include an exit strategy) 2. When looking for space, make Electrical Power your top priority 3. Check out your competition, know the beds they have and the prices they charge 4. Find a good electrician, get to know terms like "Continuous Load", "Amps", "Volts", "Single Phase" and "Three Phase". Well I think that is enough for now. I wish you guys best of luck, I will poke my head in every now and then just because I like this forum. Oh Yeah, by the way...I am an Architect, so if you have any questions, please feel free to ask.

09-21-2004, 12:19 AM	#2 (permalink)
RandyR Join Date: Oct 29 2003 Location: Dallas, TX Age: 63 Posts: 239 Rep Power: 21	Good luck with whatever you decide to do DMunoz. With lots thought and planning I'm sure your venture will be a success!

09-21-2004, 09:04 AM	#3 (permalink)
Neon Beach Join Date: Nov 30 2000 Location: Ontario Age: 61 Posts: 38,594 Rep Power: 107	Sorry to hear it wasn't feasible for you and best wishes.

09-21-2004, 09:06 AM	#4 (permalink)
tanu01 "The Man" Join Date: Mar 4 2003 Location: ohio Posts: 4,015 Rep Power: 23	Maby another day,another time. Good luck. Bob

09-21-2004, 09:18 AM	#5 (permalink)
absolutestyle I'm Banned Join Date: May 26 2004 Location: NASHVILLE,TN. Posts: 110 Rep Power: 0	GOOD LUCK,YOU'LL DO WELL, I WISH EVERYBODY WOULD DO THEIR HOME WORK BEFORE JUMPING INTO IT YOU DO NEED TO RESEARCH,RESEARCH,YOU CAN DO ENOUGH,EVEN AFTER YOU OPEN, IT WILL SAVE YOU MONEY!!!!

09-21-2004, 09:46 AM	#6 (permalink)
COCONUT ~THE ORIGINAL COCO~ Join Date: Sep 2 2003 Location: NJ Posts: 4,990 Rep Power: 32	good luck to you..

09-21-2004, 12:23 PM	#7 (permalink)
dmunoz Join Date: Jul 29 2004 Posts: 17 Rep Power: 0	I did allot of research that is why I am backing out. I do not feel comfortable spending all of my liquid money for a risky reward. I think that you need over$150K to invest, avoid leasing companies and have enough money to carry you for at least 6 months. I also belive you need to diversify by adding other services to your salon such as Massages, Spa Treatments and definetly Sunless Tanning. At least this is what I know about the NY area. Either way, I learned allot and had fun doing it. I enjoy the business spirit of this forum and hope to add where I can.

09-21-2004, 12:25 PM	#8 (permalink)
engfant Join Date: May 20 2003 Posts: 9,301 Rep Power: 29	One of the smartest business decisions is knowing when NOT to invest your money.

09-21-2004, 01:09 PM	#9 (permalink)
perfecttan01 Join Date: Aug 31 2002 Location: U.S.A. Posts: 491 Rep Power: 22	Good luck, in what ever you decide to .do I feel it will most likely be a sucess. You are wise enough to research and save your money for a safe investment. Best to you.

09-21-2004, 02:32 PM	#10 (permalink)
pam I'm Banned Join Date: Oct 29 2001 Location: USA Posts: 3,893 Rep Power: 0	I hate to admit it but I agree with Engfant It is far better to thoroughly research something and decide against it than to just jump in with both feet and then wonder 'what the heck happened?' Good Luck!

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