You have two choices in the beauty industry: booth rental vs commission. To put it another way, you can basically work for someone else or you can work for yourself. Let’s do a financial comparison of the two options and see which is best for your situation.
If you have questions give us a call at (817) 823-7105. We are Salon & Spa Galleria operating out of Fort Worth, Texas, and we think we have the answers you need.
Working in a beauty salon
Let’s start with the second item, commission, and see what kind of financial figures we come up with in our scenario.
Whether you are a hair stylist, a nail professional, a microblading expert, or a massage therapist, working in someone else’s beauty salon means, in most cases, working for commission. The industry standard is in the 50/50 or 60/40 commission range, so let’s go with 50% commission for this discussion.
Let’s also say your average customers spends $50 per visit, and you average twenty customers per week. That means you are taking in approximately $1,000 per week, and of that total $500 goes to you and $500 goes to the owner of the beauty salon. It also means you are making $2,000 per month, or $24,000 per year.
Working in your own salon booth
Now let’s put you in a luxury salon suite which you rent from a place like Salon and Spa Galleria. Same situation: you have twenty customers per week, they average fifty bucks per visit, and at the end of the week you make $1,000. With a salon booth rental, you keep the entire thousand minus business expenses. Your yearly income, then, before expenses, is $52,000.
Which sounds better to you?
But what about those business expenses, you ask?
At Salon & Spa Galleria, the only business expenses you have are the cost of your supplies, the cost of any product you are going to sell, the cost of your booth rental, and the cost of your business cards. We pay for everything else. We pay for your furniture so you don’t have to rent any. We pay for your HDTV, your WiFi, your web page, your marketing package, your utilities, laundry, and full-time concierge.
Plus we put you in luxurious surroundings in a retail-heavy area.
And how much is that booth rental, you ask?
As low as $50 per week at select locations, that’s how low. So finishing the scenario, your booth rental cost is $2,600 for the year, which means you net $just under fifty grand for the year.
The only question we have remaining is this: why are you still working in a beauty salon for pennies when you could be taking home the whole piggy bank?
Salon & Spa Galleria is locally owned and operated. We have nine locations in Tarrant County with more under construction. If you do not live in the Fort Worth area, chances are still good that a similar opportunity is available in your city.
It’s worth doing the research for.
Call us for more information and any answers for any questions you might have about salon booth rentals.
