The old way of owning a beauty salon is a risky adventure for those who are not wealthy; the new approach gives the less-wealthy a fighting chance at owning a business.
We are Salon & Spa Galleria, leading the way in the Greater Fort Worth Metro area with twenty-three affordable salon suite rental agencies. Call us at 817-917-1416 for more information about our terrific rental business model.
The traditional beauty salon ownership model.
The traditional beauty salon ownership model has been on display across the United States since the late 1800s. It consists of one owner either renting or purchasing a retail building. It then consists of that owner renting or purchasing furniture and equipment, paying for signage, paying for utilities, paying for building and liability insurance, paying, paying, and more paying. In fact, we would estimate that this traditional approach, if renting the building, will cost a minimum of $20,000 in investment cash just to open the doors for business and, if purchasing the location, half-million.
Only the wealthy need apply.
The Salon & Spa Galleria business model.
About ten years ago, maybe fifteen, a new business model started to gain popularity in the beauty industry. It consisted of renting a beauty salon suite rather than renting an entire building, and thus cutting overhead costs considerably . . . and thereby making it affordable for someone who is talented but does not have a boatload of investment capital.
This is the Salon & Spa Galleria approach. Our salon suite rental prices are very affordable, in the $300-$500 per month range. But that is only part of the story; included in that rental price are your utilities, a personalized web page, laundry facilities, WiFi, a free HDTV, furniture if needed, a 26-step business plan, free marketing workshops, 24/7 access, security monitoring, and more, meaning a savings of another $300-$500 per month.
Affordable? Oh my, yes it is, and our twenty-three locations are loaded with people, just like you, who will attest to the affordability of this business model.
Less risk is better in today’s economic climate.
Think about it logically for a moment. Rent smaller means smaller expenses. That is the central point of the entire salon studio rental movement. With our business model, you can become a beauty salon owner for as little as $1000 per month, rent and overhead expenses total. What does that mean in practical sales talk? If the average customer pays $75 per visit, you will need fourteen customers per month to pay your overhead expenses. We would venture to guess that you will see your fourteenth customer sometime on what, the third day of the first week of the month? Meaning everything you make after that fourteenth customer will be profit in your pocket?
Considerably less risk, and that is why this business model is so popular across the country. It provides the Bottom 95% of wage earners a chance to actually own a business and be their own boss, keeping 100% of any profits they generate. It, in effect, levels the playing field with the big money beauty salon owners.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated, and we invite you to call us, talk to a leasing agent, and arrange for a tour. While on that tour, talk to our current clients, ask your tough questions, and find out how they feel about leasing from Salon & Spa Galleria. We are confident their answers will paint a favorable picture of our business model.
