If owning a hair salon is in your future, be aware that hair salon suites, and more specifically, the rental of hair salon suites, is trending upwards sharply and may well be the future of the hair salon industry . . . check that . . . may well be the future of the salon industry in general.
We are Salon & Spa Galleria, serving the Greater Fort Worth Metro area with twenty-three affordable salon suite rental locations. Call us at 817-917-1416 for current pricing information and availability.
Now, let’s gaze into the future.
The hair salon suites numbers don’t lie.
The salon industry in general continues to show an upward trend, rising at an annual rate of 8% across the country, but within that trend is another trend, this one much more important to those who have very little investment capital. We are talking about the salon suite rental industry, an industry, or salon offshoot, which really hit its stride during the pandemic. Because of COVID, bigger was no longer better; people were scrambling to find ways to “make it” without spending all of their savings; and the hair salon suite rental was the answer.
Thus, we have seen a sharp increase in salon suite franchises and salon suite rentals by independent one-person owners.
The basic premise of the salon suite rental is to take a traditional salon and shrink it down to a one-room business with one person serving customers rather than multiple workstations. This business model makes for some very affordable business opportunities.
Hair salon ownership made affordable.
The monthly rental fee is affordable, usually somewhere in the $400-$1000 per month range, but it is not the low rent which really stands out, but rather the amenity package most salon suite rental agencies are offering. Free utilities, free WiFi, free web page, laundry facilities, security monitoring, these are just some of the amenities being offered as part of a rental package, and those amenities mean savings of several hundred dollars each month.
The math does not lie. This is a very viable approach to business ownership, and it is available in most large cities across the United States.
We should stop right there, for a moment, and point out that none of this guarantees a person will be successful. In fact, there is a failure rate in this industry which needs to be addressed, but the main reason for early failures in the salon industry is a lack of knowledge/training, an issue we at Salon & Spa Galleria have addressed through our 26-step business plan, and monthly marketing workshops, all designed to give our clients a solid foundation to build upon.
The alternative is costly.
The alternative, to own a traditional beauty salon, is very costly, generally beyond the means of a salon professional with limited funds. There is, however, another alternative which is costly as well, and that is to work as an independent contractor in a salon owned by someone else, the traditional approach; you can then work for commissions, making just enough to get by on, but never reaching your true financial potential.
You have options! Which one you choose will determine how much money you make in the 2020s and beyond.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated. Call us today and arrange for a tour. Use that time to ask your questions, and we will give you straight answers based on our extensive experience in the salon industry.
