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A tanning salon that didn't work out may be your business opportunity. There is an array of reasons why that business didn't work out for the previous owner. Your job is to evaluate what all those reasons are. Some of them such as poor customer service and poor equipment you can take care of. Others such as the location you may not be able to readily change.

People love to go to tanning salons, but they have to be convenient. This means they are easy to access. Consider the location of the tanning salon before you commit to buying it. If it is out of the way and people have to drive a ways to reach it they may not want to get services there.

One of the leading reasons why any business closes is due to the competition. You need to find out who all is offering tanning services. What are their strengths? What can you offer that they don't? What services do they offer? How much do they charge for those services? You may want to walk in posing as a customer to see what is going on as part of their daily operations.

One reason why the tanning salon may have failed was the quality of the tanning equipment. Upkeep on them is very important. They have to be working as they should all the time. You may find that if you upgrade the equipment you will gain plenty of customers. The previous owner's may not have understood this. They may not have had the funds or the ability to gain credit to pay for them either.

It is important to take your own finances into consideration as well. Any type of business venture has some risk associated with it. If you are up to the challenge though it could end up being a very good experience for you. Understanding what you need to complete to transform the business is important. Having a realistic idea of the cost is also something you need to be looking at.

Back to the issue of advertising - you may have the best tanning salon in town but people have to know about it. Don't be afraid to get creative with your advertising strategies. Be proud of the business you have to offer them. People love something of value so give them a free tanning session or a discount. This will get them in and once they see how it is operating they will likely come back on their own.

It is very possible for you to turn someone's tanning salon nightmare into your dream come true. However, you must take the time to really learn what the problems were that they experienced. This way you can decide for yourself if they are things you can easily address. Some of them may not be feasible and you will then want to walk away from the opportunity.

The good news though is that tanning salons are very popular business locations. People love to look great without having to spend a great deal of time in the sun. If you weigh the pros and cons of this type of business opportunity you just may discover it holds the key to your personal and financial freedom.