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 06-01-2006, 02:37 PM   #1 (permalink)
 
Join Date: Jun 1 2006
Location: michigan
Posts: 3
Rep Power: 0 gass1472 is on a distinguished road
I want to open a tanning salon and i'm interested in profits and start up costs? help

hi, i've been noticing that the local tanning salon has been exceptionally busy around the colder months and still good in the summer.(in Michigan) i noticed when my frined and i went in and i know many girls that go to the salon and say they are just jam packed. so i thought to myself why not open another one in town. I'd just like to know what kind of profits a business like this generates per year and what kind of profit margins there are on the products. also what is a startup cost for something like this with mabye about 15 to 20 stand up/ beds? if anyone can help please let me know.
gass1472 is offline   Reply With Quote
Old 06-01-2006, 02:40 PM   #2 (permalink)
 
I KNOW IT ALL's Avatar
 
Join Date: May 10 2006
Posts: 120
Rep Power: 9 I KNOW IT ALL is a name known to allI KNOW IT ALL is a name known to allI KNOW IT ALL is a name known to allI KNOW IT ALL is a name known to allI KNOW IT ALL is a name known to allI KNOW IT ALL is a name known to all
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

The Industry does not need anymore new salons look into buying one for sale around you.
I KNOW IT ALL is offline   Reply With Quote
Old 06-01-2006, 02:51 PM   #3 (permalink)
 
Neon Beach's Avatar
 
Join Date: Nov 30 2000
Location: Ontario
Age: 51
Posts: 38,573
Rep Power: 97 Neon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond repute
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

Good answer.

And try going back to that salon starting around August, tells us what you see then.
Neon Beach is offline   Reply With Quote
Old 06-01-2006, 03:22 PM   #4 (permalink)
 
Join Date: Jun 1 2006
Location: michigan
Posts: 3
Rep Power: 0 gass1472 is on a distinguished road
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

how about just an answer to what i asked becuase there is only one in my area so i'd like to compete with it, so buying won isnt really want i want to do. so how about some help on the questions i asked please?
gass1472 is offline   Reply With Quote
Old 06-01-2006, 03:48 PM   #5 (permalink)
 
Neon Beach's Avatar
 
Join Date: Nov 30 2000
Location: Ontario
Age: 51
Posts: 38,573
Rep Power: 97 Neon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond reputeNeon Beach has a reputation beyond repute
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

Plan on spending 250K plus.
Neon Beach is offline   Reply With Quote
Old 06-01-2006, 03:49 PM   #6 (permalink)
I love Derf!!
 
river_brat's Avatar
 
Join Date: Apr 1 2004
Location: WEST COAST
Age: 34
Posts: 906
Rep Power: 11 river_brat is just really niceriver_brat is just really niceriver_brat is just really niceriver_brat is just really niceriver_brat is just really nice
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

Don't do it. Thats how about 75% of people get into the business looking at a slaon thats busy. What are the demographics of that area? Are there enough people to support two tanning salons? Yeah you may see they are busy however if the demographics cant support it, neither one of you will make any money. So many people open without doing their market research and gass none of the questions you asked NONE of us can answer. What I do as profit is dependant upon several factors, LOCATIONS, EQUIPMENT, KNOWLEDGE, ADVERTISING, DEMOGRAPHIC, OVERHEAD, ETC. all vary. So comparing what my numbers are to what someone elses numbers are like comparing apples to oranges. What I suggest is that you do some research. Look at your demographics and also look to what age group you think you would be catering to when you look at the reports. And ask yourself the question can the area support 2 salons? Start educating yourself by going to some tanning conventions, start looking at the overall picture. A 15-20 bed salon is a huge investment for a person without any experience. If this is your dream then you know what do it, but if you think this is a get rich quick business you are dead wrong. INvest in real estate if your eager to make some money. Just because a salon is busy doesnt mean they are making money. Do your research first, but asking our profits and spreads on an open forum isnt the first step in the right direction.
river_brat is offline   Reply With Quote
Old 06-01-2006, 04:03 PM   #7 (permalink)
 
Join Date: Jun 1 2006
Location: michigan
Posts: 3
Rep Power: 0 gass1472 is on a distinguished road
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

thanks river
gass1472 is offline   Reply With Quote
Old 06-01-2006, 05:31 PM   #8 (permalink)
 
kissfan44's Avatar
 
Join Date: Aug 3 2003
Location: Michigan
Age: 46
Posts: 176
Rep Power: 0 kissfan44 is an unknown quantity at this point
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

what part of the state are you from?
kissfan44 is offline   Reply With Quote
Old 06-01-2006, 05:43 PM   #9 (permalink)
 
kissfan44's Avatar
 
Join Date: Aug 3 2003
Location: Michigan
Age: 46
Posts: 176
Rep Power: 0 kissfan44 is an unknown quantity at this point
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

and what kind of an area is it population wise? low income community? rent or own building? "15/20 tanning beds" equipment alone, at an average of say $5,000 per bed (extremely low, maybe a basic bed) you'd be at $100,000. Then build out - minimum $30-40,000. Electrical work, decorting, computers, inventory, plus a LARGE bank roll to carry you through the slow months. And by slow, we mean june, july, august, september, october, november. What type of equipment does the existing salon have? One high pressure bed alone will cost you $30,000. Stand ups depending on model run up to $18,000 each, if not more. Who will do the maintenance on all of this equipment? Electricians/technicians are expensive? Are you experienced? Are you ready to fund bulb changes on all 20 units every year? Bulbs could be $300-$2,000 per unit each time they are changed. Tanning is not a get rich quick business. Employees/payroll/insurance/high electricity bills/repairs/heating/rent/advertising/etc. will eat up any profits very quickly. Plan on spending your life in your salon. At least 70hrs per week for the owner/operator. And trust me, its not all fun and games. It may look great when you walk in and see someone just standing behind a counter, but they're only there for the few seconds you are. You don't see what goes on for the 20min while you're tanning...work. Are you prepared to clean for 10+ hours per day?
kissfan44 is offline   Reply With Quote
Old 06-01-2006, 05:48 PM   #10 (permalink)
 
Join Date: Nov 23 2003
Location: michigan
Posts: 358
Rep Power: 11 Hank van is a glorious beacon of lightHank van is a glorious beacon of lightHank van is a glorious beacon of lightHank van is a glorious beacon of lightHank van is a glorious beacon of light
Re: I want to open a tanning salon and i'm interested in profits and start up costs? help

it cost at least 250.000 and up depending on the beds you buy. and I think if you aproach that salon owner right now he would probly sell. This business is tougher every year. 15 to 20 beds is going two be expensive, air, electric,walls floors,computers,tmax,lotion,couches,cha irs ect. but michigan is getting very competetive.

Last edited by Hank van; 06-01-2006 at 05:51 PM.
Hank van is offline   Reply With Quote
Reply

Bookmarks



Currently Active Users Viewing This Thread: 4 (0 members and 4 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


All times are GMT -5. The time now is 06:49 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0
Copyright 2009 - tanTALK.com



click here for advertising info!