There are basically two approaches to owning a beauty salon, or hair salon; one is very expensive, and the other very affordable. We will touch on both in this article by Salon & Spa Galleria, leading the way in the Greater Fort Worth area with twenty-three salon suite rental locations. Call us at 817-917-1416 for more information.
First, though, let’s talk about the dollars and cents of owning a beauty salon.
Owning a beauty salon Option #1.
The first option for owning salons is the traditional one. You lease, or purchase, retail space, you purchase equipment and furniture for that space, you arrange for signage, you pay for utilities, you hire some independent beauty contractors and pay them by commissions, and you pay for a ton of advertising during the first few months to garner as many customers as possible.
The cost of Option #1? Easily over $10,000 in initial costs. Leasing a retail location, paying first and last month’s lease, plus damage deposit, will push you towards the ten grand figure very quickly. All of the other expenses could easily cost you another ten grand. And if you purchase the retail location, well, let’s just say we hope you have deep pockets.
Owning a beauty salon Option #2.
Option #2 if the salon suite rental way. You rent a salon studio, or suite, a one-room location from which you operate your hair salon or beauty salon. The cost of the rental? At Salon & Spa Galleria, our affordable luxury salon suites start at a very low $75 per month. And hold onto your seats, included in that low weekly rental cost are the following amenities:
- 24/7 salon access
- 24/7 security monitoring
- Plenty of parking for tenants and clients
- Convenient access
- Handicap accessible
- Wide hallways
- Comfortable waiting area
- On site laundry room free to all tenants. We even provide the soap.
- Break room with microwave, sink, Keurig, refrigerator
- Endless instant hot water with tankless hot water heaters.
- Smart TV with fiber in each room
- Free wifi for tenants and your customers
- Decorate your suite how you want!
- Utilities included (water and elec)
- Wash bowl or sink in each suite
- Beautiful state-of-the-art equipment available
- Free marketing training program
We cannot tell you which is better for you.
Those are the facts. The actual dollar figures will vary somewhat from city to city, but the general outline is accurate. Paying for a traditional beauty salon is expensive; leasing a smaller, salon suite, is much less expensive.
We are not in any way saying the traditional beauty salon is too risky; we are simply saying that for a new business owner, starting small and manageable makes a great amount of sense. You can always move into a large salon suite when sales warrant it.
There you have it. Again, the figures will differ slightly, depending upon where you live, but the general information presented here is an accurate depiction of your options.
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated. Without a doubt, our business model work, and we invite you to arrange for a tour of our facilities, speak to our current clients, and see for yourself just how successful we are and how successful you can be.
