What is salon space leasing? How does it work, what does it cost, and can it be profitable? We will answer the basic questions about salon space rental in this article by Salon & Spa Galleria, leading the way in the Fort Worth area with twenty-three salon suite rental locations. Call us at 817-917-1416 for more information and to arrange for a tour of our luxury salon suites.
What is salon space leasing?
To best understand leasing a salon studio, it is easier to tell you what it is not: It is not the traditional business model where a person leases a retail building. That model has been the standard in the United States since the early 1800s and although it has worked well, it has only worked well for those who have the money to pay the steep leasing payments on a retail building. In today’s market, leasing a retail building will cost you, literally, thousands of dollars per month.
Salon space leasing shrinks that business model down to the renting of a salon suite, or room, and thus shrinking the monthly lease payment down from thousands to hundreds, making it more affordable for a larger percentage of the population.
What does salon suite leasing cost?
We can answer this question definitively by telling you what salon suites cost at our own Salon & Spa Galleria. Salon suites start at $75 per week, or $300 per four-week month, making this a very affordable option for those looking to own a salon business but who have limited financial resources.
What do other salon suite rental agencies charge for rent? We can’t answer for everyone, but without a doubt you will pay considerably more in nice areas of Los Angeles or New York. Can you pay less? It would be hard to beat the Salon & Spa Galleria leasing price, especially considering that rental price includes utilities, WiFi, a free HDTV, furniture if needed, free workshops, a 26-step business plan, laundry facilities, and much more.
Can you make a living in a salon suite rental?
You do the math. Let’s say, conservatively, your monthly expenses, including rent, utilities, and marketing, total $1000 per month. As a one-person salon, you are able to average eight customers per day at an average income of $60 per person. That means you will gross $480 per day, five-day week grossing $2400 per week, four -week month grossing $9600.
Can you make a living using those figures?
Obviously, we are rounding off for the sake of this article. Your monthly expenses may be $2000 per month, and you may only average six customers per day. Still, using those figures, you are grossing $360 per day, $1800 per week, $7200 per month, minus the $2000.
Can you make a living using those figures?
Hundreds of our current clients would tell you yes, most definitely, they make a very nice living using those figures.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated. No matter where you are in Tarrant County, we have a salon suite rental agency near you. Call us today and make an appointment for a tour. We would love to have you join our team.
