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Aisha Thomas posted a new Financing A Business thread on 1/6/2012

Financial Backing $10,000 2x ROI

I am seeking financial backing to purchase a tanning salon. I can provide at least double return on investment this year. Will operate and manage salon as well as grow salon. 10,000 down payment.

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Ron Riccio Responded on 1/8/2012


Hi Aisha,
Is it spray tanning, or is it with the lights? Is this still a growing business segment with all the recent cancer related reports? I did the tanning beds when I was younger, but now worry about skin cancer.

Ron Riccio
 
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Aisha Thomas Responded on 1/8/2012


The salon has tanning beds and airbrush tanning, also skin care treatments such as facials, waxing and also massage. Although research has proven that tanning beds can have detrimental effects on our skin, research is limited, and there are precautionary measures we can all do to lower the risk of side effects. The best thing you can do to protect yourself is to limit your tanning sessions, especially if you have sensitive / fair skin. 10-15 minutes is usually enough time for the melanin in our skin to soak up the required energy to darken our skin. Any time spent beyond the recommended limit is unnecessary and can cause burning and greatly increase the risk of side effects. Most, it not all tanning salons are stocked with lotion, lip balm, and goggles. Proper use of this protective gear is crucial to your safety, namely your eyes and lips. The eyes and lips do not contain the protective protein melanin, so any over-exposure to UV rays can severely damage them. And although our skin has a natural defense to the harmful UV rays, tanning lotion with the proper amount of SPF can add a new layer of protection without interfering with your tan. Armed with the right knowledge and protective gear, tanning beds can be a great and safe way to keep a year round golden tan!
 
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Ron Riccio Responded on 1/15/2012


Hi Aisha,

There is a tanning salon in Providence, RI for sale with 3 VHR Suncapsul standups,1 Super Sundash bed, 1 Super cyclone standup, and a Norvell Sunless Spray Tanning Machine. The asking price is $50,000. Is business declining from any response to the research? Is that a fair price for the amount of tanning units?

Thank you for your valued expertise.

Ron Riccio
 
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Aisha Thomas Responded on 1/15/2012


No business has not declined, there are other factors you have to consider when assessing the price, such as location, sq ft, condition of equipment. If no problems exists, price is reasonable I think
 
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