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New To The Tanning Business Interested or Future Salon Business Owners discuss Topics Here and Ask Questions To The Pros. |
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11-20-2016, 05:19 PM | #6 (permalink) | |
Join Date: Nov 19 2010 Location: GA
Posts: 933
Rep Power: 14 | Re: Seven Room Salon Quote:
A BIGGER SALON moved down the street, forcing this place to go under, and you want to re-open?? With Investors? What Kool-aide are you drinking? | |
11-21-2016, 09:57 AM | #7 (permalink) |
Team TanTalk Join Date: Nov 23 2004 Location: ITA Member & Berman Supporter!
Posts: 3,136
Rep Power: 25 | Re: Seven Room Salon The problem with a 7 room salon is that, ultimately, you only have 7 rooms from with to make revenue. That size is one that can be VERY hard to turn into much more than a 70 hour/week job for the owner. If you DID go forward, you would probably want to do more of a "boutique" higher end salon. But the room sizes and electric and HVAC probably won't support that without an upgrade. Equip for a 7 room salon --- if you did a "traditional" mix (that doesn't sound like it would be profitable in the situation you describe) could be done for under 20K to 50K used. Doing a high end boutique mix might be more like 50-100K. All in, with licensing, insurance, upgrading electric, upgrading HVAC, maybe working on room size changes, getting new signage, inventory, towels, decor, product inventory,....... AND your equip --- you would be looking at anywhere from 50K to 200K all in. But the 50K end --- would be VERY unlikely to be a good investment for you. |
11-21-2016, 07:28 PM | #8 (permalink) | |
Join Date: Aug 22 2005
Posts: 770
Rep Power: 19 | Re: Seven Room Salon Quote:
Once you have been open 6 months or so and have made your first million, bring in a 2nd 24 lamp bed. Then once a year bring in another 24 lamp bed until all the rooms are full. You can do it, I just know you can! You're gonna do so great! | |
11-21-2016, 08:30 PM | #9 (permalink) | |
"The Man" Join Date: Mar 4 2003 Location: ohio
Posts: 4,015
Rep Power: 23 | Re: Seven Room Salon Quote:
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