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 07-30-2014, 05:35 PM   #1 (permalink)
 
Join Date: Jun 1 2013
Posts: 117
Rep Power: 4 KaseyandTheSun is on a distinguished road
Is it to Late?

A little about me I've been working in the tanning industry for 4+ years now and I've loved every minute of it! The tanning, the people, the conventions! It's been so much fun. The salon I currently work for I don't see myself moving up the later anytime soon. We have a controlling owner and manager is not able to do scheduling or discipline when she feels it is appropriate. I've been looking a salon to purchase it's a little crap hole I've been it it and it's low class compared to my salon. We have a Desert Sun in the area and another well established salon. I've been reading all the post and stuff. We do have a Teen Tan ban and that has me worried about purchasing or starting my own. I guesss what I'm asking is should I even consider buying a salon or opening my own in the area?
KaseyandTheSun is offline   Reply With Quote
Old 07-30-2014, 05:38 PM   #2 (permalink)
 
Join Date: Jun 1 2013
Posts: 117
Rep Power: 4 KaseyandTheSun is on a distinguished road
Re: Is it to Late?

He's trying to get rid of it via c.l.

Popular, reputable and well established tanning salon for sale. This is NOT a struggling business. Located in a plaza with other established businesses. The salon has been in business for 11 years +. This would be a great opportunity for those of you with an empty nest or a family with teens. This busy salon is complete and ready to walk in, and will require zero time and money towards build out construction. This would be an immediate revenue stream. Many options for additional revenue such as spray tanning . Yearly membership EFT income $1000 -1300 a month. Rent + triple net+ water/trash/sewage 1950 mo. 5 yr lease with 4 remaining... fully transferrable. Since this is considered an high risk business by financial institutions, it is best financed with your own money or personal loan. I will not be financing the buyer as i want cashed out and moving out of state. Will share details with qualified buyers, very serious inquiries only please. Willing to stay on for a month or 2 to smooth the transistion......cant beat free help :)~
KaseyandTheSun is offline   Reply With Quote
Old 07-30-2014, 10:45 PM   #3 (permalink)
 
Join Date: Apr 21 2004
Location: Mass.
Posts: 668
Rep Power: 13 suncitypembroke is on a distinguished road
Re: Is it to Late?

Can he walk the talk.
suncitypembroke is online now   Reply With Quote
Old 07-31-2014, 05:03 AM   #4 (permalink)
 
Join Date: Nov 19 2010
Location: GA
Posts: 929
Rep Power: 7 Black Sun is on a distinguished road
Re: Is it to Late?

I could say this. If a business, any business, was a very successful business, and worth more than any value, a serious business owner would not list it for sale on CL.

That is like looking to buy a luxury plane advertised in The Penny Saver.

Any serious seller, as well as a serious buyer would usually go thru a business broker who has the 'tools, experience,evaluations, and network' to successfully list/sell a business with the ability of turning back the 'dogs'.

I say this, because I was once a business broker. I would not ever buy a business advertised in CL...not to say there are not good deals...used furniture and flea market stuff...certainly not a business..at least a very successful one..

This guy is BS-ing. If he was 'moving out of state', how or why would he be willing to stay on for up to 2 months to train. Some serious telltale BS most sellers used, 'moving', 'pregnant', 'time spent with family'..and having the ability of EFT membership of a $1,00-1,300 a month is not much..I sense this business is a failure and somebody is looking to pass along their misery to an unsuspecting and gullible buyer.
Black Sun is offline   Reply With Quote
Old 07-31-2014, 05:51 AM   #5 (permalink)
Team TanTalk
 
parrot head's Avatar
 
Join Date: Jul 13 2004
Location: Menomonie, Wi.
Age: 75
Posts: 3,145
Rep Power: 15 parrot head has disabled reputation
Re: Is it to Late?

The argument here could be that, people looking to buy something, anything, first go to CL. It's utmost on peoples' minds to check CL.

It costs nothing, and it's worth a try.
parrot head is offline   Reply With Quote
Old 07-31-2014, 07:06 AM   #6 (permalink)
 
Join Date: Mar 18 2005
Location: GA
Posts: 1,153
Rep Power: 13 peach will become famous soon enough
Re: Is it to Late?

Quote:
Originally Posted by Black Sun View Post
I could say this. If a business, any business, was a very successful business, and worth more than any value, a serious business owner would not list it for sale on CL.

That is like looking to buy a luxury plane advertised in The Penny Saver.

Any serious seller, as well as a serious buyer would usually go thru a business broker who has the 'tools, experience,evaluations, and network' to successfully list/sell a business with the ability of turning back the 'dogs'.

I say this, because I was once a business broker. I would not ever buy a business advertised in CL...not to say there are not good deals...used furniture and flea market stuff...certainly not a business..at least a very successful one..

This guy is BS-ing. If he was 'moving out of state', how or why would he be willing to stay on for up to 2 months to train. Some serious telltale BS most sellers used, 'moving', 'pregnant', 'time spent with family'..and having the ability of EFT membership of a $1,00-1,300 a month is not much..I sense this business is a failure and somebody is looking to pass along their misery to an unsuspecting and gullible buyer.
How many salons on the market for sale right now are raging successes (even on this site)? Ans: 0
peach is offline   Reply With Quote
Old 07-31-2014, 10:31 AM   #7 (permalink)
 
Join Date: Jun 1 2013
Posts: 117
Rep Power: 4 KaseyandTheSun is on a distinguished road
Re: Is it to Late?

Update. He hasn't emailed me back yet. I think I shouldn't even make an offer if I where in the ball park estimate what would you guys offer? It's in a very busy strip mall and though it's about two blocks down from another big salon.
KaseyandTheSun is offline   Reply With Quote
Old 07-31-2014, 04:34 PM   #8 (permalink)
 
Join Date: Nov 19 2010
Location: GA
Posts: 929
Rep Power: 7 Black Sun is on a distinguished road
Re: Is it to Late?

"...it's about two blocks down from another big salon."


..and that is why he is looking to unload it.
Black Sun is offline   Reply With Quote
Old 08-01-2014, 01:25 PM   #9 (permalink)
 
Join Date: Apr 21 2004
Location: Frisco, TX
Posts: 1,498
Rep Power: 13 Steve Underhill has a spectacular aura about Steve Underhill has a spectacular aura about Steve Underhill has a spectacular aura about
Re: Is it to Late?

Quote:
Originally Posted by KaseyandTheSun View Post
A little about me I've been working in the tanning industry for 4+ years now and I've loved every minute of it! The tanning, the people, the conventions! It's been so much fun. The salon I currently work for I don't see myself moving up the later anytime soon. We have a controlling owner and manager is not able to do scheduling or discipline when she feels it is appropriate. I've been looking a salon to purchase it's a little crap hole I've been it it and it's low class compared to my salon. We have a Desert Sun in the area and another well established salon. I've been reading all the post and stuff. We do have a Teen Tan ban and that has me worried about purchasing or starting my own. I guess what I'm asking is should I even consider buying a salon or opening my own in the area?
Give me a call and I will discuss in more detail how to evaluate this opportunity and if it is something you can be successful at.

There are different reasons for buying a business. For some it is as simple as wanting to buy a job doing something they enjoy doing. For others and a better reason in my estimation is they want to own a successful business and maximize income potential.

First you must determine if you are financially able to not only buy the business but also to operate the business. If you can only put enough money together to buy the business but do not have funds to make needed changes and operate the business, you become the proud new owner of a failing business and will be forced to close in a very short period of time.

These are all things you must determine up front before you make possibly a costly mistake. You must always make informed decisions.
__________________
Stephen Underhill
Consultant
steve@smuconsulting.com
Steve Underhill is online now   Reply With Quote
Old 08-01-2014, 03:39 PM   #10 (permalink)
 
Join Date: Apr 14 2011
Posts: 598
Rep Power: 6 delany is on a distinguished road
Re: Is it to Late?

Salons are expensive and impossible to get loans for. Hope you have deep pockets
delany 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
Are you up too late.... JIMJEN Say What ????? 34 02-16-2007 02:07 AM
Never be Late sundude Say What ????? 2 01-30-2007 03:23 PM
HOW LATE IS TOO LATE FOR A GRAND OPENING Tonka Splash General Tanning Industry Discussions 1 07-12-2005 02:00 PM
sorry its a little late ricky13 General Tanning Industry Discussions 2 11-25-2004 09:23 PM
Late tanu01 Say What ????? 7 11-13-2004 01:19 AM


All times are GMT -5. The time now is 12:47 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0
Copyright 2009 - tanTALK.com

click here for advertising info!