This is a business tailor-made for entrepreneurs. Though the tanning salon industry generates an annual revenue of $5 billion, the top four companies hold less than 6% of the market share (IBISWorld). This leaves plenty of room for local businesses in what is a highly competitive industry, showing reduced but continual growth through the Recession and into 2013.

Due to increased caution over UV exposure, many tanning businesses have expanded beyond UV tanning into airbrushing and body contour work. As new regulations arise, salons often diversify their services into overall health and skin care. For this reason, your tanning business may be undergoing a transformation and exploring new avenues of beauty care. If you’re just starting out in the industry, tanning beds and booths are your first priority, and they can often come at a hefty price tag.

With Matrix Business Capital, you can obtain all your tanning salon equipment at affordable, monthly prices on financing that fit your business plan. Equipment that we have financed for salons in the past includes but is not limited to: