You have been thinking about salon leasing. You have talked to friends, in the beauty industry, who have taken the leap with a salon suite rental, and you are encourage by what they have told you. But still, you have some doubts. We don’t blame you for those doubts. Renting a salon booth rental is a big leap of faith, and it is one which should be taken only after great deliberation and the maximum of investigation into the process.
Hopefully, this article will help you with that decision. We are Salon & Spa Galleria, serving the Greater Fort Worth area with twelve salon leasing locations. Call us at 972-691-7300 for more information about renting a quality salon booth for rent.
Now let’s look at five things you should know about salon leasing.
Cost plus
Not all salon booth rentals are the same. At one location, your rental fee may just cover the actual booth rental. At another location, the rental fee might cover the rent plus utilities. Read the contract carefully. Know exactly what you are taking on. Do you have the finances to pay for the overhead if that is required? Do you have the finances to pay for advertising and marketing? A rental price of $100 per week sounds fantastic, but what if you must also pay for utilities, WiFi, a website, and other secondary costs? Can you afford to do so?
For example, at Salon & Spa Galleria, one can rent a luxurious salon suite for as little as $100 per week, and that cost includes utilities, WiFi, a website, security, and laundry facilities, but not all salon leasing companies offer that great a deal.
Accessibility
Is the salon booth accessible 24/7? Not all beauty specialists work 9-5 hours. Perhaps you want your salon suite open for business during the evening hours. Will it be accessible during those hours? By the way, Salon & Spa Galleria is open 24/7 for the convenience of our leasing clients.
Traffic flow
Retail service businesses exist and thrive because of traffic flow and walk-in traffic. Know about the various areas in your city. A great leasing price is only as great as the traffic which flows by it, bringing with it potential customers. What other businesses are in the vicinity of your leasing building?
The health of the company
Investigate the various leasing companies. Are they healthy? Do they have a good reputation? Nothing can kill your own business faster than a bad reputation, and your reputation will be tarnished if the leasing company is shady and untrustworthy. Call the Better Business Bureau. Call the Chamber of Commerce. Talk to others who rent from the leasing company. Know what you are signing on for, and with whom.
Do you have what it takes?
Last, but not least, determine whether you have what it takes to run your own business. Are you a hard-worker? Are you a self-starter? Are you good at marketing? Will you put in the long hours for success? Only you can answer these questions and please, be honest when you do. Not everyone is wired properly to run a business.
A word about Salon & Spa Galleria
We are a locally owned and operated salon leasing company, with twelve locations in the Greater Fort Worth area, and we are growing so fast we have more locations planned. Call us for details about our great leasing opportunities.
