Indoor tanning is highly popular. About 30 million Americans visit tanning salons annually, and, according to the Indoor Tanning Association, the industry employs aboutpeople. Write a business plan for your new tanning salon.

Since you will probably be using the business plan to obtain equipment financing and loans, pay particular attention to the plan's financial section. Work with your accountant in preparing the plan.

10 things to consider before buying a tanning salon

Be sure that you cite all major expenses: Decide on the number and type of commercial tanning beds for your salon. Start-up capital from you and your management team should be sufficient to support the business in the early stage, while revenues are building. Salon owners should be able to guarantee bank loans and equipment financing if required.

Deposit your start-up capital in a business bank account after forming your tanning salon legally as a corporation or a limited liability company. This deposit initiates your company's relationship with a local bank. Select the commercial tanning beds for your salon.

At the same time, apply to lease or purchase the beds. Tanning salons make money tanning bed manufacturer will already have a relationship with a commercial finance company. You will be applying for the financing through the tanning bed company.

Complete the application forms and provide all requested information about your company and its principals. Contact the local bank where you deposited the salon's start-up capital and apply for a revolving credit line. Provide the bank with a copy of the salon's business plan and inform your banker about having applied for financing for the tanning beds.

How Much Does a Tanning Salon Make? - Startup Informant

The bank will probably require personal guarantees from each principal owner of the salon. The revolving credit will act as a stock market record highs in case the salon's working tanning salons make money is not sufficient to meet expenses.

Is anyone making money anymore? - TanToday - Tanning Salon Business Forum

You, your accountant and the banker should agree on the appropriate amount of the revolving credit. Charles Crawford, a former commercial banker, has been a business writer in New York since Crawford holds a Bachelor of Arts in English and a Master of Science in international affairs from Florida State University.

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They may be appropriate for salons starting on a restricted budget. Warning Misuse of tanning equipment can cause personal injury, which can result in liability problems for the salon.

Be sure that your attorney and your insurance carrier are satisfied that your risk is minimal.

Can you make money? - TanToday - Tanning Salon Business Forum

Take advantage of opportunities for inspecting equipment. References 2 Master Tanning: Starting a Tanning Salon Tanning Online: About the Author Charles Crawford, a former commercial banker, has been a business writer in New York since Suggest an Article Correction.

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