does this salon investment sound good - Page 7

billable · 03-10-2007, 02:32 PM

Quote:

Originally Posted by NewOwner

...I agree 48,000/yr is alot but it isn't going to make or break you...

Well ****, pay her $60,000. If expenses don't matter, then I've been doing everything wrong. Good idea though, call a consultant. Ask them how to cashflow the debt service you will have, the expenses you have outlined and a $48,000 salary with 7 units.

For $48,000 you better be managing a 50 bed salon, not a 7 bed salon.

billable · 03-10-2007, 02:35 PM

(And Steve is a sponsor. SMU consulting. That helps keep tantalk up and running. Support our sponsors.)

NewOwner · 03-10-2007, 02:37 PM

One other thing: There are some really nice, helpful people in here and then there are some really bitter people in here. They try to discourage anyone from opening a salon by telling you how poorly they do and how bad the industry is for tanning. If you ask me they are either full of **** or they aren't doing a very good job running their salons. The tanning industry is no different than any other. If you put the work in and you know what you are doing than you can make money. If you think all you have to do is open the doors and the money rolls in you are in trouble. My wife will be running my salon ( I run another business) but don't think I haven't spent hundreds of hours over the last few months reading everything think I could on the industry and listening to people who are successful in this business. I suggest you do the same. And don't settle for less than 50%. Also, look into used beds on this site. I picked up a used (1000 hrs) Suncapsule Cyclone 200W for $5500. It's not the best standup out there but it beats the pants off any new standup out there under $10,000. I also picked up a rebuilt Matrix for $16,500. All my other beds will be new but I saved a boatload of money and now I have the only high pressure bed in my county and an above average standup. My total cost for 6 beds with buck boosters, delivery and setup was $62,500 and I have a much better lineup of beds than anyone within 30 miles of me. It doesn't guarantee success, but with the help of SunSally I feel very confident. Don't believe everything you hear in here (especially the negative comments).

NewOwner · 03-10-2007, 02:38 PM

I didn't say it didn't matter. I said it wouldn't make or break him.

Mr Derf · 03-10-2007, 02:50 PM

I love Mrs W.

NewOwner · 03-10-2007, 03:00 PM

Neon Beach · 03-10-2007, 03:21 PM

Quote:

Originally Posted by NewOwner

One other thing: There are some really nice, helpful people in here and then there are some really bitter people in here. They try to discourage anyone from opening a salon by telling you how poorly they do and how bad the industry is for tanning. If you ask me they are either full of **** or they aren't doing a very good job running their salons. The tanning industry is no different than any other. If you put the work in and you know what you are doing than you can make money. If you think all you have to do is open the doors and the money rolls in you are in trouble. My wife will be running my salon ( I run another business) but don't think I haven't spent hundreds of hours over the last few months reading everything think I could on the industry and listening to people who are successful in this business. I suggest you do the same. And don't settle for less than 50%. Also, look into used beds on this site. I picked up a used (1000 hrs) Suncapsule Cyclone 200W for $5500. It's not the best standup out there but it beats the pants off any new standup out there under $10,000. I also picked up a rebuilt Matrix for $16,500. All my other beds will be new but I saved a boatload of money and now I have the only high pressure bed in my county and an above average standup. My total cost for 6 beds with buck boosters, delivery and setup was $62,500 and I have a much better lineup of beds than anyone within 30 miles of me. It doesn't guarantee success, but with the help of SunSally I feel very confident. Don't believe everything you hear in here (especially the negative comments).

I'm proud of you, come back and report in 2 years from now.

NewOwner · 03-10-2007, 03:24 PM

Guess you can figure out which of the two people I described Neon is!

Neon Beach · 03-10-2007, 03:27 PM

I lost my "excited new guy" attitude a long time ago, right around the time reality kicked in.

I KNOW IT ALL · 03-10-2007, 03:34 PM

What's a rebuilt bed?

Mrs. W

03-10-2007, 02:35 PM	#62 (permalink)
billable I'm Banned Join Date: Feb 1 2006 Location: Tennessee Age: 47 Posts: 4,181 Rep Power: 0	Re: does this salon investment sound good (And Steve is a sponsor. SMU consulting. That helps keep tantalk up and running. Support our sponsors.)

03-10-2007, 02:37 PM	#63 (permalink)
NewOwner I'm Matrix Man! Join Date: Jan 17 2007 Location: Delaware Posts: 128 Rep Power: 2	Re: does this salon investment sound good One other thing: There are some really nice, helpful people in here and then there are some really bitter people in here. They try to discourage anyone from opening a salon by telling you how poorly they do and how bad the industry is for tanning. If you ask me they are either full of **** or they aren't doing a very good job running their salons. The tanning industry is no different than any other. If you put the work in and you know what you are doing than you can make money. If you think all you have to do is open the doors and the money rolls in you are in trouble. My wife will be running my salon ( I run another business) but don't think I haven't spent hundreds of hours over the last few months reading everything think I could on the industry and listening to people who are successful in this business. I suggest you do the same. And don't settle for less than 50%. Also, look into used beds on this site. I picked up a used (1000 hrs) Suncapsule Cyclone 200W for $5500. It's not the best standup out there but it beats the pants off any new standup out there under $10,000. I also picked up a rebuilt Matrix for $16,500. All my other beds will be new but I saved a boatload of money and now I have the only high pressure bed in my county and an above average standup. My total cost for 6 beds with buck boosters, delivery and setup was $62,500 and I have a much better lineup of beds than anyone within 30 miles of me. It doesn't guarantee success, but with the help of SunSally I feel very confident. Don't believe everything you hear in here (especially the negative comments).

03-10-2007, 02:38 PM	#64 (permalink)
NewOwner I'm Matrix Man! Join Date: Jan 17 2007 Location: Delaware Posts: 128 Rep Power: 2	Re: does this salon investment sound good I didn't say it didn't matter. I said it wouldn't make or break him.

03-10-2007, 02:50 PM	#65 (permalink)
Mr Derf Vote Derf 4 Prez! Join Date: Jun 29 2006 Location: NE Age: 46 Posts: 2,470 Rep Power: 9	Re: does this salon investment sound good I love Mrs W.

03-10-2007, 03:00 PM	#66 (permalink)
NewOwner I'm Matrix Man! Join Date: Jan 17 2007 Location: Delaware Posts: 128 Rep Power: 2	Re: does this salon investment sound good .

03-10-2007, 03:24 PM	#68 (permalink)
NewOwner I'm Matrix Man! Join Date: Jan 17 2007 Location: Delaware Posts: 128 Rep Power: 2	Re: does this salon investment sound good Guess you can figure out which of the two people I described Neon is!

03-10-2007, 03:27 PM	#69 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 46 Posts: 52,065 Rep Power: 0	Re: does this salon investment sound good I lost my "excited new guy" attitude a long time ago, right around the time reality kicked in.

03-10-2007, 03:34 PM	#70 (permalink)
I KNOW IT ALL Join Date: May 10 2006 Posts: 148 Rep Power: 4	Re: does this salon investment sound good What's a rebuilt bed? Mrs. W __________________ Supplying the facts to salon owners.

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