Prospective Owners: Cost Efficiency
There are a few factors to consider when answering this question. How often will you use the tanning bed? If you plan to use it regularly, then owning your own bed may be more cost-effective in the long run. However, if you only plan to use it every once in a while, then it may make more sense to rent a bed or go to a salon.
If you are planning on opening a tanning salon, investing in tanning beds can be a profitable endeavor. To make a profit from owning tanning beds, you need to charge customers for the service. The average cost of a tanning session is about $6 for 10 minutes. The price can vary depending on the location of the salon.
According to the American Academy of Dermatology (AAD), nearly 10.0 million Americans use indoor tanning services each year. These businesses make money on a per-client basis and often offer accessories such as sunglasses and skincare products.
Potential Profits and Costs
Is a tanning business profitable? Your business’ profit is directly tied to the number of beds you maintain and how often those rooms are filled. On average, each room should generate between $12,000 – $15,000 annually. Each visit will cost you $6 – $9 in supplies and energy costs.
Tanning bed sessions range from $5-$20 each, depending on the visit length. Spray tans are billed similarly, with salons charging about $25-$50 per visit.
A tanning bed uses electricity, the amount depending on the bed’s size and type. Owning a solarium is more convenient than a traditional tanning bed, as there’s no need to travel.
Running Costs and Revenues
Is sunbed business profitable? In a busy salon, a commercial sunbed could easily take more than £40 per day, so you can still make a good profit. With the profit-share model, after a £250 installation fee, the external supplier will take 50% of the bed’s takings each month.
A 40 tube 200 watt sunbed uses 9.6 kilowatts so would cost around 77p to run for an hour.
If you charge customers £3.50 for 10 minutes, the sunbed will make around £20 per hour. Sunbed lamps usually need replacing every 500 hours, and a full re-tube and service will cost £500.
The X6 is touted as the World’s Most Powerful Tanning Unit, capable of delivering a golden tan in as little as 6 minutes.
Despite stiff competition in the market, if planned carefully and paying attention to details, opening another sunbed salon can still be profitable.
Industry Outlook
Are tanning salons profitable in 2023? The tanning salon industry is projected to generate $1.8 billion in revenue by the end of 2023. Tanning salons are popular, making them a potentially profitable venture. However, there are risks associated with opening any business.
An 18-step guide is available for those interested in starting a tanning salon business with no money and no experience, illuminating strategies for setting up a fun and profitable salon.
Consider these 10 factors that can affect a tanning salon’s profitability in 2023, as well as the benefits of owning such a business and the impact of pricing strategy and membership options.
Explore the viability of tanning salon franchises in the USA for 2023, the potential financial challenges, and strategies to establish a thriving salon in today’s market.
Running a profitable tanning salon can be challenging, yet there are key factors that significantly impact success. This article provides tips for operating a tanning salon successfully.