bluestar1185

I found a website a while ago that had a calculator where you can put in some information regarding beds, hours of operation and such. It would calculate approximately what your monthly income would be, does anyone know what this website is?

mr belvedere

Don't forget to subtract the cost of the calculator!

West Side Tanner

Did that include the cost of electric to run the calculator!

howardtheduck

Have you first figured out your total potential for the year? Try this:
1 bed = $15,000 per year (based on national average)
30% of that is your lotion and accessory sales
Figure out what you should make based on that and then subtract your expenses. ie:payroll, electricity, water, lease, equipment maintenance, lotion/ accessory costs, laundry, taxes, insurance, beer(just kidding).
Probably a little easier that way. hope this helps.

sunsally

Sun had something like that, but when I went to the website it looks like you can contact them and they'll do it for you, but nothing right on the site anymore (unless I didn't look closely enough). It's www.sundash.com

By the way -- my experience with those things is that they shouldn't be taken too seriously!! The best info you get from them, my opinion, is to realize that you are only going to see 2-3 clients/hour/bed max (depending on if you have 15 or 20 min beds), that you won't get "walk in" prices for most of those, so figure your "average tan" price at more like half of your walk-in price, and that the business is seasonal so you'll do a LOT more business in May than you will in October!

Given what I just told you - you can figure it out yourself. Take each bed, estimate how many tans/hour (e.g. 2 for a 20 min bed), multiply it by how many hours a day you are open (let's say 10). That's 20 visits per day - MAX. Let's say you average $3 tan for that bed - some are on EFT's, some are walk-ins, some on packages, some are employees tanning for free, etc. That's $60/day - MAX - you'll make on that bed. Now -- in May figure you are pretty close to that - maybe $45/day. In October - 1/3 of May -- or $15.

Now do that for every bed in your salon, and you have a "goal" to shoot for. But don't "plan" on it -- it all depends on if you get people through the door and get them to buy packages!! Just because you HAVE the equipment, it isn't "profitable" until you get people to pay to use it!

At the same time - determine your monthly costs, divide by 30 and you'll know what your "breakeven" to cover your costs is. If it's $500/day, you know any day you DON'T make $500 -- you're having to pay to be in business that day. Compare that to your bed goals and it'll help you figure out if you can make money at this or not, and how it will spread throughout the year.

West Side Tanner

Sounds good Sally.

BigLeo

I would recommend that you consider TANPLAN from Pointblank Business Technology. The program calculates your salon breakeven, P&L and cashflow and a whole lot more. I don't think that a tanning salon calculator tool actually exists, if it does, it won't come close to even calculating the true numbers that you will need for it to be useful. You newbies especially should be wary of such calculators. You pro's know better. Just my two bits. LEO

Neon Beach

Quote:
On 2005-08-26 09:16:00, sunsally wrote:
Sun had something like that, but when I went to the website it looks like you can contact them and they'll do it for you, but nothing right on the site anymore (unless I didn't look closely enough). It's http://www.sundash.com

By the way -- my experience with those things is that they shouldn't be taken too seriously!! The best info you get from them, my opinion, is to realize that you are only going to see 2-3 clients/hour/bed max (depending on if you have 15 or 20 min beds), that you won't get "walk in" prices for most of those, so figure your "average tan" price at more like half of your walk-in price, and that the business is seasonal so you'll do a LOT more business in May than you will in October!

Given what I just told you - you can figure it out yourself. Take each bed, estimate how many tans/hour (e.g. 2 for a 20 min bed), multiply it by how many hours a day you are open (let's say 10). That's 20 visits per day - MAX. Let's say you average $3 tan for that bed - some are on EFT's, some are walk-ins, some on packages, some are employees tanning for free, etc. That's $60/day - MAX - you'll make on that bed. Now -- in May figure you are pretty close to that - maybe $45/day. In October - 1/3 of May -- or $15.

Now do that for every bed in your salon, and you have a "goal" to shoot for. But don't "plan" on it -- it all depends on if you get people through the door and get them to buy packages!! Just because you HAVE the equipment, it isn't "profitable" until you get people to pay to use it!

At the same time - determine your monthly costs, divide by 30 and you'll know what your "breakeven" to cover your costs is. If it's $500/day, you know any day you DON'T make $500 -- you're having to pay to be in business that day. Compare that to your bed goals and it'll help you figure out if you can make money at this or not, and how it will spread throughout the year.
A calculator? Hmmmmm? But do visit the site sally mentions, it will give you some estimated costs on running your tanning units (which are the least of your costs), but it will be up to you to work out the rest. Wages, insurance, repairs, electrical after running your units (A/C), advertising, phone, internet access.......... tc..

Do not go gently into this good night?

It's not all so simple......

mr belvedere

Was somebody looking for a Good Knight? I have a couple on staff at the castle. They hire out for damsels in distress and bahmitzvahs. Have your people call my people.

Neon Beach

Do they have a all-in-one formula for salon expenses?