An overview of day spas.
A day spa is a business that provides a variety of services for the purpose of improving health, beauty, and relaxation through personal care treatments such as massages and facials. The number of day spas in the United States almost doubled in the two years from 2002 to 2004, to 8,734, according to the International Spa Association, and by 2020 there were 21,560 spas across the United States, according to Statista.
Obviously, this is a growing industry and, we feel safe to say, a profitable one. Perhaps you have considered starting a day spa? If so, this article by Salon & Spa Galleria, Fort Worth’s finest, and most affordable, salon suite rental agency, will provide you with valuable information. Call us at 817-917-1416 to have all of your questions answered.
What to look for in a rental space.
As with any business venture, you have two options to consider: purchase a retail location or rent a retail location. Obviously, purchasing retail property involves some serious investment capital which, truth be told, will remove it as an option for most of the people reading this article. Let’s, then, concentrate on renting retail space for the rest of this article.
A beginning to-do list for opening a day spa should include:
- Understand your market and set your goals.
- Find the ideal location.
- Calculate the startup costs and secure financing.
- Hire your team.
- Create your spa service menu.
- Obtain necessary permits and licenses.
- Purchase equipment, furniture, and supplies.
- Formulate a business plan and mission statement
Let’s talk finances.
If you are renting a retail location, a standalone building/storefront, the rental cost will obviously depend upon the city and the location within that city. Having said that, there is no average size of retail space in the day spa industry; however, a safe estimate will be between 1500 and 2500 square feet. Leasing a building of that size will cost you, at the very least, $1 per square foot, or $1500-$2500 per month, with at least $5000 due at lease signing. Add to that the cost of furnishings, equipment, and supplies, and it is a safe bet you will need, at the very least, $10,000 in investment capital before you open the doors for business.
If you find that to be depressing news, consider an alternative: rent a salon suite, or spa suite, from a salon suite rental company like Salon & Spa Galleria. In other words, instead of leasing a retail building, lease a retail suite within a building which houses only beauty and wellness businesses. The spa room rental is much lower and, for most of these rental businesses, the list of amenities, like free utilities and free Wi-Fi, will save you hundreds each month in overhead expenses.
Be a day spa with one employee, you, start small, and grow into success. This is, in fact, the fastest growing movement in the beauty and wellness industry, one which is very affordable.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated with twenty-three salon suite rental locations in the Greater Fort Worth Metro area. Call us today, ask about our long list of amenities included in our rental price, and at that time have all of your questions answered.
