What are some things to look for when buying an existing tanning salon?

I would look at their financials. Are they making a profit? Have sales declined recently (if so, customers may be upset and you may have to deal with negative feelings or new competition may have entered the market). How many long-term clients are there? How many are undercontract - thus captive clients? Also see if it has been fined or cited, thats important reputation wise as well as regulation wise. Check out the condition of the equipment. Also, look at the lease - is it about to expire and go up? Those are few things I woudl look at first. Also, maybe yuo wil want to enlist the help of a business appraiser/broker in your area, they can help you ask the right quetions and appropriately assess the value. Good luck!

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