Go Back   tanTALK - Tanning Salon Business Owners Community > TanTalk Central > New To The Tanning Business

New To The Tanning Business Interested or Future Salon Business Owners discuss Topics Here and Ask Questions To The Pros.

Reply
 
LinkBack Thread Tools
Old 09-21-2004, 02:40 AM   #41 (permalink)
 
Join Date: Sep 14 2004
Posts: 16
Rep Power: 0 Sunstrider is on a distinguished road
PipelineTanningCo, while it does sound like you are a very enthusiastic youngn', I do think you are bragging just a WEEEEE bit. I, like you, am opening my salon on or around the first week of November, but we differ greatly. See I have a passion for this industry. And although I could sit here and talk about where all my financing has come from I refuse to do so. The only thing I've ever said on this board is I'm using a home equity line of credit for build out and leasing through evans for the machines. You just come across as rather rude and defensive when someone gives you a honest opinion. These people have been in the business for years and I can only hope in due time that I will be as knowledgeable as they are.

although your father is a contractor and he does business with the bank and yadda yadda yadda, we have been there and done that with our bank (bank of america) one of the top banks in the country. And with my husband and I's assets, excellent credit scores, as well as IRA's we weren't even able to obtain a business loan for this. All we could get was the home equity line of credit. I'm sure your father may be able to obtain loans, but if he goes to his bank and tells them he wants 200,000 for a new start up business, they will more then likely laugh in both of your faces. Have you even made a business plan to try presenting to them before they kick you out *** first out the door?

Don't count your chickens before they hatch, your very young so it seems and although your hopes are set high you shouldn't be running your mouth until you actually have opened your salon, gone through a few seasons and been able to pay your rent and bills. Thats just my .02!!!
Sunstrider is offline   Reply With Quote
Old 09-21-2004, 05:27 AM   #42 (permalink)
Waiting Confirmation
 
Join Date: Apr 1 2004
Posts: 413
Rep Power: 0 studio 102 is on a distinguished road
Lets end this thread. He begged for his chops to be busted. Then when the feelings get hurt, he whines (brags) about how young he is, the success that awaits and his "daddys" money..

Let daddy get the loan, use his building homes skill to do the build-out, and his age get him the salon...why continue busting his chops when he obviously can't handle it..

Go, my young man. Open your salon. The best of luck..when you begin to do good, the franchises will look at your success and move into the neighborhood.
studio 102 is offline   Reply With Quote
Old 09-21-2004, 08:16 AM   #43 (permalink)
 
Neon Beach's Avatar
 
Join Date: Nov 30 2000
Location: Ontario
Age: 61
Posts: 38,594
Rep Power: 107 Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute Neon Beach has a reputation beyond repute
Well, welcome to the real world.

P.S. What kind of car do you drive?
Neon Beach is offline   Reply With Quote
Old 09-21-2004, 10:03 AM   #44 (permalink)
~THE ORIGINAL COCO~
 
COCONUT's Avatar
 
Join Date: Sep 2 2003
Location: NJ
Posts: 4,990
Rep Power: 32 COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute
why couldn't i be born into money????
COCONUT is offline   Reply With Quote
Old 09-21-2004, 10:21 AM   #45 (permalink)
"The Man"
 
Join Date: Mar 4 2003
Location: ohio
Posts: 4,015
Rep Power: 23 tanu01 has a spectacular aura about tanu01 has a spectacular aura about
Because your a coonut????????????????????
Bob
tanu01 is offline   Reply With Quote
Old 09-21-2004, 10:46 AM   #46 (permalink)
~THE ORIGINAL COCO~
 
COCONUT's Avatar
 
Join Date: Sep 2 2003
Location: NJ
Posts: 4,990
Rep Power: 32 COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute
oh yeah i am a coconut....a poor old one at that...
COCONUT is offline   Reply With Quote
Old 09-21-2004, 10:49 AM   #47 (permalink)
"The Man"
 
Join Date: Mar 4 2003
Location: ohio
Posts: 4,015
Rep Power: 23 tanu01 has a spectacular aura about tanu01 has a spectacular aura about
If it makes you feel any better, In my 15 years as a disty,the ones with the most money fail first.
Bob
tanu01 is offline   Reply With Quote
Old 09-21-2004, 10:54 AM   #48 (permalink)
~THE ORIGINAL COCO~
 
COCONUT's Avatar
 
Join Date: Sep 2 2003
Location: NJ
Posts: 4,990
Rep Power: 32 COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute COCONUT has a reputation beyond repute
yeahhhh................whoooooo....there is hope for me after all..thank you tanu..
COCONUT is offline   Reply With Quote
Old 09-21-2004, 09:42 PM   #49 (permalink)
Waiting Confirmation
 
Join Date: Apr 22 2004
Posts: 3,646
Rep Power: 0 DWhite6872 is on a distinguished road
Maybe I am bitter... I have never found a 18 year old male usefull even when I was 18...I always have liked experience.
DWhite6872 is offline   Reply With Quote
Old 09-21-2004, 10:34 PM   #50 (permalink)
I love Derf!!
 
Sherin's Avatar
 
Join Date: Aug 10 2004
Location: Puget Sound
Posts: 2,870
Rep Power: 24 Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute Sherin has a reputation beyond repute
As a 25yr-old new salon owner, I often felt that way (Pipe's way) when I was in the start-up process (Hopeful and Very Researched). As for my projected financials - even after mulitplying it by 25%, we are still nowhere close to the original projections that my bank approved. Plus, my bank was using HAIR salon projections, and had a heck of a time finding any kind of valid Tanning Salon figures. I thought I knew what the day would be like after opening, but no way do I have the time to do inventory everyday! I am still busy trouble shooting software, learning about the industry, Plus, there is no way I could have afforded an employee in the beginning. You are doing great in making your presentation to the bank kick-***, because it really speaks about your business sense! We are an LLC and both my mother and I had to personally guarantee the loan with our residences, etc. I could not find a bank that would lend the money to a start up salon. You have to be successful in your business for awhile before they will consider lending to the Salon. We started our salon using all brand new sonnenbraune beds, 4 35 standard, 2 MP - 1 46/4 laydown and a 9min standup, plus 1 HP bed. Our big money competition regularly fills his stores with old, used beds. I personally believe that one, quality salon will do better than 4 skanky ones.
Sherin is offline   Reply With Quote
Reply

Bookmarks



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

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

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


All times are GMT -5. The time now is 12:13 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0
Copyright 2009 - tanTALK.com

click here for advertising info!