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 08-27-2009, 11:09 PM   #1 (permalink)
 
Join Date: Aug 27 2009
Posts: 20
Rep Power: 0 Sun 'n Smoothie is on a distinguished road
Investment needed

Hello all and thank you for taking the time to assist me in the "investment / investor" delima.
I have a feeling my dreams are more than a bit out of reach.
I have researched the tanning industry.
I have researched and completed about every aspect it would take to open a new salon. Everything from the Business plan / meeting w/ my local SBDC office / bed selection / insurance / retail - inventory / liscensing / so on and so forth.

I have taken the plan to 2 different local lenders. Both had reasonable terms. Both would be backed by a basic-SBA loan. Neither would do anything unless of course have 1) Money down "not enough in my wallet" & 2) Investor.

I have research Venture capolists. Angel investors. Blah Blah Blah.
Running in circles. I know and understand that this will take lots of time and effort, but its been nearly 6-months of dead-ends.

Any and or all REALISTIC Thoughts / Opinions PLEASE.

Thank you again.
Sun 'n Smoothie is offline   Reply With Quote
Old 08-27-2009, 11:16 PM   #2 (permalink)
Guest
 
Join Date: Apr 29 2001
Location: Stewartsville, NJ
Age: 55
Posts: 3,121
Rep Power: 0 Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute
Re: nvestment needed

If you have no money then do not even consider opening a salon. It takes lots of money to get started and more to keep it going for awhile until things take off, if they ever do.
Brian Oshman is offline   Reply With Quote
Old 08-27-2009, 11:24 PM   #3 (permalink)
 
Join Date: Aug 27 2009
Posts: 20
Rep Power: 0 Sun 'n Smoothie is on a distinguished road
Re: nvestment needed

So, I assume you were left lots of money and then decided to just open one?
Or, maybe you were a doctor and just got tired of doing that.

That is my question. What is the best way to find an investor for this type of business. Grants are a far-fetched dream, so how do people do it?
Sun 'n Smoothie is offline   Reply With Quote
Old 08-27-2009, 11:31 PM   #4 (permalink)
Guest
 
Join Date: Apr 29 2001
Location: Stewartsville, NJ
Age: 55
Posts: 3,121
Rep Power: 0 Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute
Re: nvestment needed

Put up their house.
Brian Oshman is offline   Reply With Quote
Old 08-27-2009, 11:37 PM   #5 (permalink)
 
Join Date: Aug 27 2009
Posts: 20
Rep Power: 0 Sun 'n Smoothie is on a distinguished road
Re: Investment needed

ok.
Looking for more thoughts, other than putting up the house. (not enough equity in this one + young , married and have 2 kids. I would rather take a second job at McDonald's, than them do without)
Is there not an investment group, specializing in this industry?
Is this industry to volatile for investors? (lots of half / a**'rs that don't have the drive to succeed?
I understand the risks and so forth.
That is why I have researched / read and taking time with this.
Sun 'n Smoothie is offline   Reply With Quote
Old 08-27-2009, 11:41 PM   #6 (permalink)
Guest
 
Join Date: Apr 29 2001
Location: Stewartsville, NJ
Age: 55
Posts: 3,121
Rep Power: 0 Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute
Re: Investment needed

It is seasonal, it is not a build it and they will come business.

Too many half a$$ers in the biz. Banks and lenders do not take salons seriously and they have gotten seriously burned in the past couple of years and closed their wallets.

If you believe in yourself then you need to show the bank that you do and put the house on black.
Brian Oshman is offline   Reply With Quote
Old 08-27-2009, 11:47 PM   #7 (permalink)
Guest
 
Join Date: Apr 29 2001
Location: Stewartsville, NJ
Age: 55
Posts: 3,121
Rep Power: 0 Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute
Re: Investment needed

Do you want to open a salon?
Brian Oshman is offline   Reply With Quote
Old 08-27-2009, 11:49 PM   #8 (permalink)
 
Join Date: Aug 27 2009
Posts: 20
Rep Power: 0 Sun 'n Smoothie is on a distinguished road
Re: Investment needed

You may be right. (ok probably are)

(others please reply to original posting)

Oshman:
so how would I tell my wife what I am doing? Considering I don't think she would answer if I just "asked"......
Sun 'n Smoothie is offline   Reply With Quote
Old 08-27-2009, 11:51 PM   #9 (permalink)
Guest
 
Join Date: Apr 29 2001
Location: Stewartsville, NJ
Age: 55
Posts: 3,121
Rep Power: 0 Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute Brian Oshman has a reputation beyond repute
Re: Investment needed

I can't help you if you wear the skirt in the house.
Brian Oshman is offline   Reply With Quote
Old 08-27-2009, 11:54 PM   #10 (permalink)
 
Join Date: Aug 27 2009
Posts: 20
Rep Power: 0 Sun 'n Smoothie is on a distinguished road
Re: Investment needed

Your taking the air out of my sail here........
I have and wear the pants, but she has the other stuff.......


Would posting a "Investor Wanted" add in here do anything?
Sun 'n Smoothie 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
Return on Investment BillS New To The Tanning Business 13 11-30-2007 01:53 PM
Salon for Sale - Great Investment RichardMcKenzieJr For Sale - FOR SALON OWNERS ONLY 40 09-30-2004 05:21 PM
minimum investment needed? butterfliangel New To The Tanning Business 3 02-10-2003 03:02 PM
VHR, IS it really worth the investment? BillCard General Tanning Industry Discussions 3 12-11-2002 01:29 PM


All times are GMT -5. The time now is 05:45 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!