01-09-2005, 12:48 PM | #1 (permalink) |
Join Date: Nov 23 2004
Posts: 92
Rep Power: 0 | We're in the process of starting a new salon. I've done lots of searches in regards to salon earnings. I've taken your advice seriously: "Tanning is not a quick, get rich plan. Do lots of research. It takes time and dedication to make a successful business". I thoroughly understand all of your points, as we've owned & operated a small Child Care Center for over 11 years. The same principles apply to this business. Just because you build it, they're not guaranteed to come. Our first year we lost approx. $6,000.00. Our profits went up slowly year after year. We both work full time at this business, so it is our only income. On a good year we make $50,000.00 together. Enrollment goes down, now we're making $35,000.00 combined. But, not every year is good & there isn't seasons to child care. It can be slow all year. Even when it is slow, our expenses stay pretty level - particularly staffing expenses. Because of State licensing regulations, we are paying 4-6 full time staff members each day - even during slow months or years. I have enjoyed seeing our business be successful and teaching little ones, but it is time for a change. We plan on starting with a 6 bed salon (room for 7 units). We will be keeping our child care business open for awhile, to give the Salon a chance to get started. Knowing that we will put the same dedication into the Salon and will make it succeed, is it possible to make more money than we are currently earning? We are not in a big city. Only one competing Salon with 5 ETS units. They charge $30.00/month for their 32 lamp base bed and $50.00/month for their 42 lamp bed. Our rent is $850.00/month. I know there is no average salon, and situations vary from salon to salon, town to town. I just need reassurance or a warning whether or not this is even realistic. |
01-09-2005, 01:00 PM | #2 (permalink) |
Waiting Confirmation Join Date: Apr 22 2004
Posts: 3,646
Rep Power: 0 | I think it is important to have more than 7 units....please pm me your address and I can pull your demographics to see how many beds your area could support.....it really depends on your market....you could make nothing or you could make 100k per store sometimes more depending on your market and location....so its a hard question to answer...how many people or rooftops are in your town? |
01-09-2005, 01:16 PM | #4 (permalink) |
Join Date: May 20 2003
Posts: 9,301
Rep Power: 29 | "Because of State licensing regulations, we are paying 4-6 full time staff members each day - even during slow months or years. " What is this regulation? You HAVE to pay people? I don't even pay myself and I'm my only employee. If you an't do it yourself forget it ESPECIALLY with a 6 bed salon. For that kind of staff I would expect a 20bad salon. |
01-09-2005, 01:20 PM | #5 (permalink) |
Waiting Confirmation Join Date: Apr 22 2004
Posts: 3,646
Rep Power: 0 | I do not understand? What does it mean you have to pay 4-6 people a day? I think if you are opening a salon now with the curent enviorment it should start with a "2" or have at least be in the teens..... |
01-09-2005, 02:34 PM | #8 (permalink) |
Join Date: Nov 23 2004
Posts: 92
Rep Power: 0 | I'm just trying to compare my child care care business to a potential tanning business. With child care, I have a total of 8 employees on payroll (at any one time 4-6 of them are on duty). With a 6-7 bed salon, I would only need 2 employees (with only 1 on duty at a time). With child care, I pay $1,100.00/month in rent. Tanning salon=$850.00/month. There are supplies, license fees, and many other things I could compare. Anyway, it just seems to me that tanning could me more profitable and possibly less stressful than a 10 hour day with 15 - 3 year olds. Heh, want to make more money than tanning? I have a child care center to sell you. Hee hee hee. I appreciate everyone's advice & support. I just love this sight! Now I just need to make the right decision. Choices, choices, choices.......... |
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