It is not hard to find an online article touting the advantages when you rent a spa room; it is a bit harder to find one which will give you the honest information about up-front expenses before you open for business.
What is it going to cost you to open a spa in a spa room rental or spa suite?
We are Salon & Spa Galleria, serving the Greater Fort Worth area with twenty-three salon suite rental locations. Call us at 817-917-1416 for more information.
What does “rent a spa room” mean?
Let’s say you are considering opening a spa in 2024, a traditional spa located in a traditional standalone building. What would you have to do? First, you would have to find a retail location where you could physically operate your spa. Depending upon the area where you live and the current market prices, you could easily spend $5000 per month for a retail shop large enough for a spa. First and last month’s rent, plus damage deposit, let’s say $15,000 to get a foot in the door.
You then need to arrange for furniture, hook up utilities, obtain insurance, etc., etc., and more etc. Conservatively, before your spa ever welcomes the first customer, you are easily out $25,000.
Rent a spa room means exactly that . . . you are renting a room, or suite, rather than an entire building, and that means huge savings in expenses.
Let’s talk about those expenses.
Let’s talk about out-of-pocket expenses.
We will use Salon & Spa Galleria for an example. You can rent a spa suite for as little as $100 per week at select locations, or $400 per month. Let’s think worst case scenario and you rent from one of our competitors, and they require first and last month plus damage deposit . . . that is still only $1200 initial lease payment, much better than the aforementioned $25,000.
Included in the rental fee are utilities, Wi-Fi, a free HDTV, laundry facilities, a web page, in point of fact most of your traditional overhead expenses.
So, what else would you need to pay monthly?
After opening, overhead is low.
Using the $400 per month rental figure, you would then plan, each month, on paying that rental fee, plus the cost of insurance, plus the cost of any products you sell in your spa, plus any miscellaneous expenses like business fees or for any marketing you might do. It is quite easy to imagine a scenario in which you are paying out $1000 per month in expenses. Compare that to $100,000 in gross income, easily attainable, and toss in the tax benefits to owning a spa, and you begin to see why salon suites rentals, or spa room rentals, have become so popular. It is now possible for the average person to own a spa/salon, and flourish doing so.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated, and we are standing by the phone, waiting for you to call us and take the first step towards drastically changing your future for the better.
You can be a worker bee, working for commissions, or you can be the Queen Bee, keeping 100% of the profits.
Which one sounds good to you?
Call Salon & Spa Galleria today!
