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General Tanning Industry Discussions Tanning Salon Owners and Professionals in The Tanning Industry Discuss a wide Variety of Topics. |
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04-02-2009, 09:59 PM | #1 (permalink) |
Join Date: Apr 2 2009
Posts: 11
Rep Power: 0 | When is the ideal time to start a tanning business? I was thinking for opening a salon soon (by June 1st) but I was wondering if I should put this off and start early 2010 instead. I am afraid with all the competition in my area, that it would not be wise to do it now. I have location, electrician, contractor, tanning bed quotes and everything in line but have not signed any agreement. Your honest opinions would be appreciated. Also, my husband has been in the business before so we know what we are up against. |
04-03-2009, 12:18 AM | #2 (permalink) |
Team TanTalk Join Date: Nov 23 2004 Location: ITA Member & Berman Supporter!
Posts: 3,136
Rep Power: 25 | Re: When is the ideal time to start a tanning business? It's all about cash flow. If you have enough cash reserves to "pay" to be open for 6 months if you cannot (and you very well may not) make enough to cover the rent, payroll, utilities, lease payments etc.....then it really doesn't matter when you open. If it has to cash flow itself from day one -- well then you probably shouldn't open at all, no matter what month. Slow season is JASON (July-Nov). Doesn't mean you can't open then. Just means you'll have 50% of your yearly costs but maybe only 25% of your revenues. |
04-03-2009, 06:47 AM | #3 (permalink) |
Team TanTalk Join Date: Aug 27 2002 Location: East Coast Age: 56
Posts: 2,888
Rep Power: 22 | Re: When is the ideal time to start a tanning business? We always like opening salons in the fall (Oct-Nov). This gives you a couple of months to iron out your systems befire season. If you open in the Summer you probably have to keep it a float for the first six months. |
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