Wondering how to start a tanning salon equipment and supplies repair business? We take you step-by-step from start to success.
Despite health concerns and increased taxation, tanning salons remain popular with American consumers. Presently, there are more than 25,000 tanning salons located throughout the U.S. – and every one of those salons needs equipment, supplies, and repair services.
A tanning equipment and supply business can be a smart startup for the right entrepreneur. Since profits are tied to the success of multiple tanning salons (rather than just one), tanning equipment and supply companies benefit from the popularity of tanning salons without risking their capital on a single location. Tanning salon owners sometimes transition to an equipment and supply business model to reduce their risk and eliminate the hassles of dealing with the general public.
But tanning equipment and repair startups also have their share of challenges. You need to understand the tanning market in your territory before you seriously consider a business launch. If there aren't enough salons in your community or if the market is already saturated with equipment suppliers, you will need to expand your territory or adapt your business model to marketplace realities.
An existing network of relationships with local tanning salon owners can significantly boost your business prospects during the critical first year of operations. If you are a known quantity in the local market, you may be able to convince area salons to switch to your business for their tanning supplies and equipment.
Consider the possibility of applying for a distributorship with popular tanning equipment and supply manufacturers. Distributorships give you exclusive rights to certain products within a given territory and can be leveraged to displace the competition, especially if your products are superior in price and/or quality.
Finally, it's important to carefully consider the addition of a repair component to your business model. When tanning beds and lamps break down, salon owners rely on third parties to provide fast repair services. In fact, repair services can be a great opportunity to get your foot in the door with a prospective equipment or supply customer.
Successful Business Plans for Tanning Salon Equipment & Supplies Repair Businesses
How good is your tanning salon equipment and supplies repair company's business plan? If you aren't completely confident in the quality of your business plan, it could be because you haven't invested enough time and effort in its creation.
Although there are a lot of tasks screaming for your attention, cutting corners on your business plan can be a precursor to disaster. Why? Because there are a multitude of reasons why your company can't succeed without a sound business plan.
From a business ownership perspective, that makes business planning your first priority - and not a task that can be assigned to the back burner.
Check Out the Competition
Well in advance of opening a tanning salon equipment and supplies repair business in your area, it's essential to find out how strong the competition is. Try our link below to generate a list of competitors in your area. After following the link, enter your city, state and zip code to get a list of tanning salon equipment and supplies repair businesses in your area.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
Once you've finished assessing the competion, you really ought to learn from folks who are already in business. If you think your local competitors will give you advice, you're being overoptimistic. What's in it for them?
But, a person who owns a tanning salon equipment and supplies repair business on the other side of the country may be willing to share their entrepreneurial wisdom with you, after they realize you reside far away from them and won't be stealing their local customers. In fact, they are often very willing to share startup advice with you. In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
What's the process for finding somebody who runs a tanning salon equipment and supplies repair business in a different locale who can assist you?
Here's one way to do it. Just use our link below, find somebody and call them.
Business Brokerage for Tanning Salon Equipment & Supplies Repair Business Entrepreneurs
Startup tanning salon equipment and supplies repair business and tanning salon equipment and supplies repair business acquisitions each come with their own benefits and drawbacks. In most cases, there are compelling financial and practical reasons buying an existing tanning salon equipment and supplies repair business.
A qualified business brokers can provide a range of services designed to ease your transition into business ownership.
The best business brokers will ensure that you get the right business for the right price, and will help you avoid common tanning salon equipment and supplies repair business acquisition mistakes.
Consider Buying a Franchise
If done right, a small business startup takes months and months of preparations just to lay the groundwork for the first day of business.
That makes franchising an attractive alternative to traditional business startups. Our tanning salon franchise directory offers a variety of tanning salon equipment and supplies repair business franchise opportunities, many of which may be the perfect fit for your personal and professional goals.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you already are in business and came here to learn about growing an existing tanning salon equipment and supplies repair business, try these useful resources:
If you sell to tanning salon equipment and supplies repair businesses, we've got better information for you elsewhere on our site. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.