Is the tanning salon business a good business to invest in? ?

Im 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?Is the tanning salon business a good business to invest in? ?
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.Is the tanning salon business a good business to invest in? ?
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.
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.
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?