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Old 06-09-2004, 12:50 PM   #1 (permalink)
 
Join Date: Apr 2 2004
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How did your first year go in comparison to the next and the one after that?

We are a new salon, been open since Dec of 03 (about 6 months) and have done fairly well so far, although the slow season is starting to hit around here.

How were sales in your first year compared to the second or third? Do sales profits typically increase year after year (of course provided that the service is good and people coma back) or was your first year a good indication of typical sales years?

What are your experiences?
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Old 06-09-2004, 01:57 PM   #2 (permalink)
 
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This is also my first year of OWNING my own salon, and it seems that business usually picks up a little bit the second and third years, then plateau's out after that. It also really depends on where you are, population, economics, competition etc... Hope this helps...
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Old 06-09-2004, 03:14 PM   #3 (permalink)
 
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I agree. As a new salon, you should still be growing for first few years. I bought an existing salon (what a dump) and this is the start of my third year as owner and have increased sales and client base every year. I still have new faces every week, which is a blessing as the slow times approach.
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Old 06-09-2004, 06:41 PM   #4 (permalink)
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It sould get better for you every year your open if ran well. Every year your season should get a little longer.
It toook my store 3 years to run in the black all year. National average for most business's is 5 years.
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Old 06-09-2004, 07:05 PM   #5 (permalink)
 
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I can't wait to go black and never go back! But for real, I also bought a bum salon and transformed it into a real tanning salon with paint and beds that have all the lamps running. I think the 3-5years is about correct if you aren't rolling in Lambos and Rovers.
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