We are going to take a look at the economics of salon suites for rent, break it all down for you so you have a good idea about possible earnings if you were to rent a salon suite.
And who better to tell you about salon suites than Salon & Spa Galleria, leading the way in the Fort Worth Metro area with twenty-three salon suite rental locations. Call us at 817-917-1416 for more information about current prices and availability. It just might be the most important phone call of your life.
A quick lesson: what are salon suites for rent?
Salon suites for rent are essentially micro-business ownership. Instead of a traditional beauty salon, hair salon, nail salon, et al, where there are multiple working stations, a reception desk, and waiting room, salon suites for rent shrink it all down to one room, a salon suite, with fewer work stations, The salon suite is located in a building which has multiple salon suites, each one the location of an independent salon owner.
The economics of owning a salon.
You are here to learn about the earning potential of salon suites, so let’s get to it. We will use a scenario which is typical in today’s salon world.
Single owner, working five days per week, averaging seven customers per day, average sale of $75 per visit. That computes to $525 per day, or $2625 per week, or $10,500 per month in gross sales. Obviously, if you sell product from your salon, earnings will be higher, but for this scenario let’s stick with sales earning simply from salon services.
From those gross sales we then deduct overhead expenses.
Rent for salon suites will vary from city to city. At Salon & Spa Galleria, certain locations start at $75 per week, or $300 per month. There are also utilities to consider as well as Wi-Fi, marketing expenses, business license, laundry, insurance, etc.
Now, consider this: at Salon & Spa Galleria, most of those incidental, overhead expenses are included in the rental price, leaving you with overhead consisting of any marketing expenses plus insurance expenses. Let’s say your insurance plus marketing run you $1500 per month, leaving you with $9,000 in earnings each month.
Is that more than you make on commissions working in someone else’s hair salon?
Expand when you are ready and increase earnings.
Are you limited to just one salon suite rental? Of course not. When you are ready to expand, when you feel comfortable enough to spread your wings, you can certainly rent another salon suite, perhaps right next door, and double the size of your scope.
We cannot overemphasize the beauty of this business model. Salon suite rentals allows the average beauty and wellness professional to afford ownership, an opportunity which simply was not available twenty years ago.
Is it for you? That is one question we do not have an answer for, but it certainly is worth consideration.
A final word about Salon & Spa Galleria.
We aren’t messing around at Salon & Spa Galleria. We won’t be happy until every beauty and wellness professional in Fort Worth who wants to be an owner is an owner. We are the full package. Our twenty-six-step business plan is a proven winner. Our amenities package is second to none. And our free marketing workshops give you the guiding light you need to succeed. Call us today!
