With the limited info we have we can get a small view of the picture. If you can ask the owner these questions:
1. Is the lease net or gross?
2. How many years left?
3. Can you extend the lease? Is there an option(s) in place?
4. Try to speak to the strip center landlord too. Make sure the lease is still in good standing.
5. What is there currently in terms of power? Single Phase? 3 phase? Total amps?
6. How many tons of AC are there?
7. Do they use a computer system? If so what software do they run? Can you look at the database etc?
8. What kind of beds and booths?
9. How many hrs of tanning time on each unit.
10. any repairs made to any of the beds? List problems?
11. What inventory is there?
12. What is the gross per month for the last 3 years? 1-12months
13. How many total people in their database?
14. How many active people? Active meaning have tanned in the last 30-90 days.
15. How many daily tanners do they get each month? 1-12
16. What is their price structure like? (we want to see if we can raise it)
17. Hours of operation?
18. Tans broken down by hour. (we want to see if we are open durin important hours etc)
After we collect this data we can see if it makes economic sense.
Also try to get an idea of the $$$ he wants for the place. See if he will take back paper.
Hell if it looks good I may want in with you
