Opening a salon...bust my chops! - Page 3 - tanTALK

timeout888 · 09-20-2004, 08:29 AM

Pipes - These dudes love to smash Ergo. The 400 is awesome. Don't buy any Sundash until after the Orlando show. New things will be there.
Don't underestimate a college kids' funding. I'm in a college town and 80% of my big spenders are students. It's the wealthy ones who try and bargain with you.

Studio - He mentioned one Ergoline Bed, the 400 which is one of the new ones.... not underpowered. The sundash are made in America and use a totally different setup.

Neon Beach · 09-20-2004, 09:12 AM

You have great ideas, but don't let you're enthusiam get the better of you. In your mind you're gonna be the best and people will have to tan with you, that's a bit of an illusion. It's not as easy as you are imagining, and don't plan on paying off all your debts in a year. Best of luck!

sizzlestan · 09-20-2004, 09:33 AM

Pipe, Listen up and respect what these people are saying! They are trying to save you YOUR money and YOUR credit rating.

Specials are just that = special. If you are going to run an ongoing special make it a long term deal like $29.99 a month for unlimited tanning. Get them coming day in and day out. Put up things that college students can relate to. Tests and papers got your down?? Come in and relax your cares away for X dollars.

Be creative. Remember - you need these college kids, they dont need you. Also, if you are going to be very close to the campus and DEPEND on these bodies as your paycheck you better have a HUGE ON CAMPUS PRESENCE.

As always, Good Luck to you!

TanningEmporium · 09-20-2004, 09:40 AM

The beds you are using will do fine, my concern is you have 2 large Planet Tan salons with Gyms in Springfield, just because they are 10 miles from you doesnt mean they wont travel to them, or already do. They are near the Mall, and college folks like to shop. Like I said, I used the same analysis, it hasnt changed much and the bank doesnt really look at the numbers from that, and another thing to keep in mind, if the banker has seen or already has a salon with him, he will know the numbers, and from experience,,,,most banks wont touch a salon.

sizzlestan · 09-20-2004, 09:49 AM

Yeah, I know a major loan broker for Wachovia. They WILL NEVER loan money to a salon. They will loan $ to a salon owner if that owner uses their home or personal credit line to secure the loan but a straight up salon and salon equipment as collateral - NO WAY JOSE!

tanu01 · 09-20-2004, 09:54 AM

Thats not true. Banks will loan money to salons. You have to grow with a bank,They may not want to help a start-up
But work with one bank,keep good records,Start off with a small loan for somthing,pay it off in a timly fashion and sooner or later that bank will finance your first BIG unit.
Bob

Get Tan! · 09-20-2004, 10:13 AM

Ergo or TanAmerica are the best. Do not use PC Marketing!

angelcat04 · 09-20-2004, 10:52 AM

I'm a 22 year old business owner and doing better than anyone in my area...we're also across the street from a college! I wish you all the luck...it can be done! By the way...I give a 10% student discount and that's IT. I don't need to discount my prices because we have so much more to offer than the other salons. New Beds, awesome customer service, etc. They will come!

sbtanning · 09-20-2004, 01:18 PM

You are not going to fool any banker. They will not believe the numbers Ergo has provided. It is very difficult to gain financing from a bank to open a salon. My husband and I have an OUTSTANDING credit rating, many assets, good connections and we could see that we were not going to score financing through a business loan. I would personally wait until you have completed college before pursuing something like this. Work in a salon for a while and see if you really like it. You have plently of time to pursue your dream, make sure you are well prepared to do it!

ALOHATANCA · 09-20-2004, 02:28 PM

Well good luck Mr. Pipline!!! You are young enough to recover from what ever this future has to offer to ya....

PS....Forget the break-even analysis because it will never work, maybe if you use 25% of it as figures....

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Another \"sort of\" new guy looking for info on opening a new salon	excitednewguy	New To The Tanning Business	10	10-01-2005 11:15 PM
Opening new salon....Need slightly used Tam America Equipment.	teamtan205	For Sale - FOR SALON OWNERS ONLY	0	08-10-2005 06:32 PM
OPENING SALON SOON AND HAVE THREE OTHER SALONS IN AREA ANY ADVICE	Island Sun 4	New To The Tanning Business	11	03-20-2004 02:02 PM
Opening new salon, I could use some help.	valcas1	General Tanning Industry Discussions	17	02-04-2004 06:44 AM
Need help opening a new salon?	TanningConsultant	For Sale - FOR SALON OWNERS ONLY	7	10-16-2001 10:40 AM

09-20-2004, 08:29 AM	#21 (permalink)
timeout888 Join Date: Jan 26 2004 Age: 45 Posts: 395 Rep Power: 21	Pipes - These dudes love to smash Ergo. The 400 is awesome. Don't buy any Sundash until after the Orlando show. New things will be there. Don't underestimate a college kids' funding. I'm in a college town and 80% of my big spenders are students. It's the wealthy ones who try and bargain with you. Studio - He mentioned one Ergoline Bed, the 400 which is one of the new ones.... not underpowered. The sundash are made in America and use a totally different setup.

09-20-2004, 09:12 AM	#22 (permalink)
Neon Beach Join Date: Nov 30 2000 Location: Ontario Age: 61 Posts: 38,594 Rep Power: 107	You have great ideas, but don't let you're enthusiam get the better of you. In your mind you're gonna be the best and people will have to tan with you, that's a bit of an illusion. It's not as easy as you are imagining, and don't plan on paying off all your debts in a year. Best of luck!

09-20-2004, 09:33 AM	#23 (permalink)
sizzlestan Join Date: Jul 25 2004 Posts: 446 Rep Power: 20	Pipe, Listen up and respect what these people are saying! They are trying to save you YOUR money and YOUR credit rating. Specials are just that = special. If you are going to run an ongoing special make it a long term deal like $29.99 a month for unlimited tanning. Get them coming day in and day out. Put up things that college students can relate to. Tests and papers got your down?? Come in and relax your cares away for X dollars. Be creative. Remember - you need these college kids, they dont need you. Also, if you are going to be very close to the campus and DEPEND on these bodies as your paycheck you better have a HUGE ON CAMPUS PRESENCE. As always, Good Luck to you!

09-20-2004, 09:40 AM	#24 (permalink)
TanningEmporium Join Date: Jul 15 2003 Location: 213 Skyland Shp Ctr Posts: 2,613 Rep Power: 22	The beds you are using will do fine, my concern is you have 2 large Planet Tan salons with Gyms in Springfield, just because they are 10 miles from you doesnt mean they wont travel to them, or already do. They are near the Mall, and college folks like to shop. Like I said, I used the same analysis, it hasnt changed much and the bank doesnt really look at the numbers from that, and another thing to keep in mind, if the banker has seen or already has a salon with him, he will know the numbers, and from experience,,,,most banks wont touch a salon.

09-20-2004, 09:49 AM	#25 (permalink)
sizzlestan Join Date: Jul 25 2004 Posts: 446 Rep Power: 20	Yeah, I know a major loan broker for Wachovia. They WILL NEVER loan money to a salon. They will loan $ to a salon owner if that owner uses their home or personal credit line to secure the loan but a straight up salon and salon equipment as collateral - NO WAY JOSE!

09-20-2004, 09:54 AM	#26 (permalink)
tanu01 "The Man" Join Date: Mar 4 2003 Location: ohio Posts: 4,015 Rep Power: 23	Thats not true. Banks will loan money to salons. You have to grow with a bank,They may not want to help a start-up But work with one bank,keep good records,Start off with a small loan for somthing,pay it off in a timly fashion and sooner or later that bank will finance your first BIG unit. Bob

09-20-2004, 10:13 AM	#27 (permalink)
Get Tan! Join Date: Jul 15 2004 Posts: 16 Rep Power: 0	Ergo or TanAmerica are the best. Do not use PC Marketing!

09-20-2004, 10:52 AM	#28 (permalink)
angelcat04 I love Derf!! Join Date: Jul 26 2004 Location: Texas Posts: 1,065 Rep Power: 21	I'm a 22 year old business owner and doing better than anyone in my area...we're also across the street from a college! I wish you all the luck...it can be done! By the way...I give a 10% student discount and that's IT. I don't need to discount my prices because we have so much more to offer than the other salons. New Beds, awesome customer service, etc. They will come!

09-20-2004, 01:18 PM	#29 (permalink)
sbtanning Join Date: Dec 2 2003 Posts: 50 Rep Power: 0	You are not going to fool any banker. They will not believe the numbers Ergo has provided. It is very difficult to gain financing from a bank to open a salon. My husband and I have an OUTSTANDING credit rating, many assets, good connections and we could see that we were not going to score financing through a business loan. I would personally wait until you have completed college before pursuing something like this. Work in a salon for a while and see if you really like it. You have plently of time to pursue your dream, make sure you are well prepared to do it!

09-20-2004, 02:28 PM	#30 (permalink)
ALOHATANCA Tan Talk Industry Pro member Join Date: Nov 14 2003 Location: CALIFORNIA Age: 65 Posts: 3,455 Rep Power: 24	Well good luck Mr. Pipline!!! You are young enough to recover from what ever this future has to offer to ya.... PS....Forget the break-even analysis because it will never work, maybe if you use 25% of it as figures....

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)