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Old 08-27-2006, 11:31 AM   #1 (permalink)
 
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tanning income ?

im planning on opening a salon end of Nov. , my question is im paying for all my equipment (NEW) 7-8 units, and buildout in Cash...i want no loans or bills going into this business. just rent, electric, etc..my rent my 1st yr is $1300, then goes up $100 every year for a 5 yr lease.
her is my concern...it seems like most people in the tanning industry that have salons, have a Full time job and then they have a manager run there salon. IS this because there making NO profit or income to run there salon? and paying off there loans.?
i have talked with people that own salons, they think that since im paying for all my equipment and buildout with cash that i should take a pay check home right away since i have no LOANS to pay off. AND YES , as long as i have a good client base.
My salon is in a Mall area anchored by GOLDS GYM a nutrition store, strawberry records, huge food store, TGI Fridays,dry cleaners, nail salon, hair salon, and a beauty supply store and TJ max and Home goods. i have only one other tan salon in town but people complain there prices are too high...

so basically im asking , if paying cash for everything with no loans will make a more profitable business and see a cash flow. most people i hear about are hoping to break even within 2 yrs of opening to pay for everything.

-whit1
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Old 08-27-2006, 11:41 AM   #2 (permalink)
 
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Re: tanning income ?

I'm too tired to tackle this one right now. Maybe later.
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Old 08-27-2006, 11:56 AM   #3 (permalink)
 
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Re: tanning income ?

I feel ya Bill......
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Old 08-27-2006, 11:57 AM   #4 (permalink)
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Re: tanning income ?

12 years ago, I opened my first salon with all cash. I had only operating expenses.
I almost lost everything including my home the first off season. My rent was higher, but what's the difference when you have 5 customers and make $8.00 a day? Make sure you have plenty of working capital.
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Old 08-27-2006, 11:57 AM   #5 (permalink)
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Re: tanning income ?

Quote:
Originally Posted by Kristia0712
I feel ya Bill......
you do? Can you feel me too?
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Old 08-27-2006, 11:58 AM   #6 (permalink)
 
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Re: tanning income ?

Money_Stock_chart_prv.gif
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Old 08-27-2006, 12:01 PM   #7 (permalink)
 
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Re: tanning income ?

Quote:
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you do? Can you feel me too?
Uh, no.......I'm busy right now
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Old 08-27-2006, 12:09 PM   #8 (permalink)
 
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Re: tanning income ?

DERF! Go get your own "special friend"
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Old 08-27-2006, 12:10 PM   #9 (permalink)
 
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Re: tanning income ?

(A little more to the right, Kristia...)
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Old 08-27-2006, 12:14 PM   #10 (permalink)
 
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Re: tanning income ?

No problem Bill, anything else?
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