Is the tanning salon business a good business to invest in? ?
Posted by Sonni in: tanning businessIm wanting to purchase a tanning salon but not real sure of the potential profit of the business. Am I wasting my time and money or is it a good investment?
I would not. This is a luxury, and in a slowing economy it is an area where people can cut back.
Ask to see copies of the last 5+ years tax returns. keep in mind that good times were from 1990-2006, with exception in 1993-1994, and 2000-2002.
Have a CPA or professional business advisors look over the numbers if you need help.
Majoring In The Tanning Salon Business?
Unfortunately, if you are thinking about opening your own salon, there are not college courses teaching "How To Open A Profitable Tanning Salon".
The statistics aren't great. Most new businesses fail due to "lack of industry specific knowledge". It's this lack of insider information that causes problems, and the unfortunate consequences. Not getting the proper information and and learning what the profitable salon owners are doing, that the struggling majority aren't, could be a key to future success!
To read the complete story of why we decided to publish this insider information click here
It is our hope that this inside inforamtion might stop the growing statistics of new tanning salon owners losing their dreams. So, before you spend your hard earned money designing, starting and building your tanning salon business, we urge you to learn everything you can, starting today!
Tanning Salon Gold
I don’t think it’s a good business personally. Why not take a look at their books and see what kind of profit they’re making?
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I would not. This is a luxury, and in a slowing economy it is an area where people can cut back.
Ask to see copies of the last 5+ years tax returns. keep in mind that good times were from 1990-2006, with exception in 1993-1994, and 2000-2002.
Have a CPA or professional business advisors look over the numbers if you need help.
References :
Mucho competition. How are the books? How are demographics? Location? I’d be thinking tax loss, but maybe cash flow positive. The girls might make it worthwhile.
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BIZ OWNER
Depends on where its at. Look at the books. Not the tax returns; different objectives. You want to see the cash flow and expenses. Not the taxable income. The economy and health concerns can hurt the business. College towns are a good place for them, but when students leave town those businesses slow down a lot. Its a seasonal business too. Winter picks up and summer slows down when they can get a natural tan. Size up the competition and the potential customers in the area.
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