I was reading in
Looking Fit that 30% of salons opened in the last year or two went out of business in 2007. That's up from 20% the year before. A case could be made that at least twice that number, or 60%, are experiencing financial difficulties or close to it. The tanning salon industry is without any doubt, undergoing structural changes affecting not just tanning salons, but tanning bed manufacturers and distributors. Several manufacturers have gone out of business, others have merged, and some distributors have closed down or been acquired. These are very difficult times for tanning salons, so my advice is don't buy any tanning salon unless you can afford to lose your investment. Buy the equipment at 20 cents on the dollar, if you really need that equipment, not because you think you will need it. There is simply too much capacity in the tanning salon industry, and the number of salons that are for sale has skyrocketed. That is a trend that is certainly not good. When so many owners want to get out, that says volumes.
Leo