Renting a salon suite rental is all the rage these days in the beauty industry. You no doubt have heard about it. You no doubt have read articles about it, and heard the pros and cons, articles written by industry “experts.”
We want to add our “two cents” worth to the discussion. We are Salon & Spa Galleria, serving the Greater Fort Worth area with twelve salon suite rental locations, so we know a thing or two about what is involved with a booth rental. Call us at 972-691-7300 for more information and, if you are in the Fort Worth area, call us to arrange for a tour of a luxury salon suites at one of our locations.
These, then, are the top three reasons why you should consider a salon suite rental.
Financial independence
Without a doubt, the top reason for renting a salon suite is financial independence. It comes down to simple math: if you rent a salon booth rental, you keep 100% of the profits. If you work for someone else in their beauty salon, you work on commission and only keep, on average, 40% of the money you make for that owner.
Do the math! Let’s say you generate, on any given day, $1000 in fees/sales. We know that’s a low figure for a talented hair stylist, or nail specialist, but it’s easy to do the math with that figure. If you rent a salon suite, and your lease fee is $100 per week, a price which is possible at Salon & Spa Galleria, you are going to net $900 for the week.
Same scenario, except this time you work in a beauty salon owned by someone else. You generate $1000, you keep 40% of it, so for the same day, for the same amount of effort, you keep $400 of those fees/sales.
$900 or $400? Which sounds better to you?
The joy of running your own business and being your own boss
Be your own boss? How attractive does that sound to you? Name your own hours? Control your own marketing. Work with a niche audience if you prefer. Choose which products you wish to sell in your spa suite. Hire on extra help if you are wildly successful.
There is no financial value to this factor, but it is real and it is important. What worker out there would not like to own a business and stop catering to the whims of a boss? It’s the American Dream, and with a company like Salon & Spa Galleria, it is an achievable and affordable dream.
The freedom to run a business your own way with less risk
Without a doubt, running your own business from a salon booth rental is lest risky than owning a beauty salon in a retail building. It is much-less expensive. There is much-less financial investment. And, on the off-chance it does not work out, and you close your business, you are out very little in investment money. Not so if you are leasing an entire retail space.
There is great value in that safety net, and much peace of mind.
The bottom line is this: only you can decide which is best for you, for your peace of mind and for your bank account. We happen to think that renting a salon suite rental is a very wise business decision, and that is based upon the input of our many clients, but in the end the decision is yours to make and yours to live with.
A word about Salon & Spa Galleria
Twelve locations in the Greater Fort Worth area and growing. Locally owned and operated. A leader in the industry. Salon & Spa Galleria is the place to be for anyone looking to break out on their own. Call us today for more details. Begin your new life with one phone call.
