What is your earnings potential, and how can luxury salon suites help you to realize that potential?
Important questions, and the answers to those questions will directly affect you going forth if you want to own a beauty salon, hair salon, nail salon, massage therapy suite, or any other beauty or wellness enterprise. We are Salon & Spa Galleria, serving the Greater Fort Worth Metro area with twenty-three salon suite rental locations. Call us at 817-917-1416 for more information about current pricing and availability.
All right then, let’s let the genie out of the box and tell you how to rock the world in your salon suite.
What are luxury salon suites?
Unlike traditional salons, which typically feature a communal layout shared among multiple professionals, a salon suite is a private, self-contained workspace available for lease. Each suite is a standalone mini-salon, providing beauty professionals an exclusive space to operate independently.
These properties vary from rental agency to rental agency, and the price of renting a mini-salon varies from city to city. We have seen rental prices as low as $75 per week, and we have seen them as high as $400 per week, depending upon the geographic location. In addition, there are amenities which may, or may not, be included in the rental price, amenities such as:
- Free utilities
- Free Wi-Fi
- Free furniture
- Free web page
- Free laundry facilities
- And so on, depending upon the specific rental agency.
What is your earnings potential?
What do you believe you should be earning, based on your expertise? There is, of course, a ceiling in earnings, simply because there are only so many customers you can physically see in any given month. Still, it is possible to estimate possible earnings based on an “average” month of you being the owner of a salon.
Let’s consider an eight-hour day, five-day work week. The maximum number of clients you could serve would be eight per day, giving you a possible total for the week of forty customers. Average sales per customer is what? Fifty dollars? You are then looking at a $2000 week, or comfortably over $100,000 for the year . . . minus expenses/overhead. Remember, with luxury salon suites, you are the owner of your business, which means you are keeping 100% of your profits.
Obviously, if you average more than $50 per customer, your earnings potential increases. Also obviously, if the list of rental amenities is a short one, your overhead will increase, cutting into your earnings. That is why it is so important to lease salon suites from a reputable company like Salon & Spa Galleria.
Our advice: grow into financial success.
We have said this before in other articles, and chances are excellent we will say it again. Start small, do not overwhelm yourself early on, and make sure you are operating efficiently, before you attempt to grow too fast. The tendency is always to do too much too quickly. You are excited, you have a ton if ideas, and you can hardly wait to earn to your potential. But slow down, take a deep breath, and put in the footwork in the first few months of ownership. This “take it slow” approach will pay dividends down the road.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated. Our rental price is the best in Fort Worth, our list of amenities is the most generous, and our reputation and commitment to our clients is unmatched. Call us today and arrange for a tour of our luxury salon suites.
