Ultra Sun presently operates a tanning salon in Utah under the name Sahara Sun. The salon contains the traditional tanning beds along with spray on tanning machines. It is Ultra Sun's goal to seek to expand by opening new salons as funds are available. With the fragmented and locally-owned nature of the tanning business, Ultra Sun's management believes there is opportunity to expand into new markets and that it is possible to acquire established tanning salon businesses.
The tanning salon business has been expanding as improvements in technology and additional products and services have broadened the product offerings. Most tanning salons have switched to machines, typically the clamshell-looking beds, which utilize long wave light sources (UVA) as opposed to the older versions that utilized ultraviolet rays (UVB). Although there may still be damage to the skin caused by UVA, many people prefer it to the UVB machines and sun exposure. Older salons have the older UVA-style beds or have had to upgrade to the newer beds in the last few years as the technology has advanced. This change in technology has allowed for new facilities to open and offer an essentially new product from the older established salons. With the major cost of a facility being the tanning beds, the older facilities have had to incur substantial new cost in upgrading their equipment to compete in the tanning business. This extra cost has allowed new facilities to be established.
Ultra Sun is a full-service tanning salon. We offer a range of tanning options and utilize the newest tanning beds. Additionally, we offer alternative tanning solutions with our spray-on tanning machines for people who want to have a tanned look but do not want to have exposure to the sun or tanning beds' rays. As we have refined our business we have also offered tanning products for sale and are evaluating expanding into other day spa services such as massages.
Management believes that to maximize the fixed overhead cost of the space, a full-service salon on top of the tanning services will maximize the utilization of the facility without adding significant overhead cost. Additionally, the tanning business is somewhat cyclical in that it is busier in the winter months and early spring than in the summer months. As such, management believes that expanding the services offered balances out the overall seasonal cycles.
We have strived to offer a unique environment and have stressed customer service. Our facilities tend to be more upscale in design and we have focused on wealthier demographic regions. Additionally, we have done extensive demographic research prior to opening our salon to make sure the demographics match our perceived target customer. We believe that our target customer tends to be younger and female with enough disposable income that regular tanning sessions are not deemed luxury items.
|Form Type ||Received ||Period Ending ||Size ||Report |
|10-K ||Mar 27, 2012 ||Dec 31, 2011 ||1.0 MB || PDF RTF HTML XLS |
|10-Q ||Nov 14, 2011 ||Sept 30, 2011 ||568.4 KB || PDF RTF HTML XLS |
|10-Q/A ||Aug 31, 2011 ||Jun 30, 2011 ||559.0 KB || PDF RTF HTML XLS |
|10-Q ||Aug 15, 2011 ||Jun 30, 2011 ||354.9 KB || PDF RTF HTML XLS |
|10-Q ||May 20, 2011 ||Mar 31, 2011 ||311.5 KB || PDF RTF HTML XLS |
|NT 10-Q ||May 17, 2011 ||Mar 31, 2011 ||19.5 KB || PDF RTF HTML |
|10-K ||Mar 29, 2011 ||Dec 31, 2010 ||601.0 KB || PDF RTF HTML XLS |
|10-Q ||Nov 12, 2010 ||Sept 30, 2010 ||349.7 KB || PDF RTF HTML XLS |
|10-Q ||Aug 17, 2010 ||Jun 30, 2010 ||354.6 KB || PDF RTF HTML XLS |
|NT 10-Q ||Aug 17, 2010 ||Jun 30, 2010 ||19.7 KB || PDF RTF HTML |
USUN Security Details
|Market Value1 ||$663,000 ||a/o Apr 20, 2012 |
|Shares Outstanding ||1,300,000 ||a/o Mar 26, 2012 |
|Float ||Not Available |
|Authorized Shares ||45,000,000 ||a/o Sep 30, 2009 |
|Reporting Status ||U.S. Reporting: SEC Filer |
|Audited Financials ||Not Available |
|Latest Report ||Not Available |
|Regulatory Agency ||Not Available |
|CIK ||0001360442 |
|Fiscal Year End ||12/31 |
|OTC Market Tier ||OTCQB |
|SIC - Industry Classification ||7200 - Services-Personal Services |
|Incorporated In: ||UT, USA |
|Year of Inc. ||Not Available |
|Employees ||Not Available |
|Neil Blosch ||CEO, Principal Acct. Officer |
Service Providers Auditor/Accountant Child, Van Wagoner & Bradshaw, PLLC
5296 South Commerce Drive
Salt Lake City, UT, 84107