Three simple words, a booth rental, and yet those three words are quite often mis-interpreted by many in the beauty industry. This article will hopefully clarify this issue and give you the information you need regarding renting a salon studio or salon suite.
We are Salon & Spa Galleria, serving the Greater Fort Worth Metro area with twenty-three affordable salon suite rental location. Call us today at 817-917-1416 for more information and, if you live in the Fort Worth area, arrange for a tour of our luxury salon suites.
To borrow from Jim Carrey, alright then, let’s cut through the confusion so we can see the light of day regarding a booth rental.
A booth rental Option #1.
The first option, the traditional option, which has been around for, literally, decades upon decades, it the traditional beauty salon, the type we have all known and seen since we were little tikes. In this traditional setting, hair stylists work at chair stations, or sometimes partitioned booths, and quite often there are four or five of these stations occupied on any given day. Those stylists are independent contractors, rarely actual employees, and they make their income on commissions. The commission is generally in the 40% level, meaning for every dollar of business income they create, using their talents and their hard work, they keep forty cents. The other sixty cents goes to the owner of the salon.
Like we said, this is the traditional beauty salon, or hair salon, or nail salon, and it has been the business model since the start of the 20th Century. In this model, the independent contractors make a steady income, the owners of the salons make a very good income/profit, and life goes o.
A booth rental Option #2.
The second option is new to the American beauty industry, gaining popularity in the last ten, fifteen years. In this scenario, rental agencies rent salon suites within a building, and each suite houses an independent owner of an independent small business.
There are no independent contractors, no owner reaping the profits from the work of others and no, these are not franchises. What it is, quite simply, is an affordable way for individuals who may not have tens-of-thousands of investment capital, to go into business and, lo and behold, this new business model has taken off in the United States and really gained traction.
Working for commissions or working as an owner.
And why would it not gain traction? This is an opportunity for people who were facing a lifetime of working for someone else, for commissions, to actually become a business owner, to actually control their financial future. This is the stuff dreams are made of, so it should come as no surprise that this business model has become wildly successful.
What about you? Are you satisfied, working for someone else, making forty cents on the dollar, or would you like the whole enchilada as a business owner?
A final word about Salon & Spa Galleria.
Salon & Spa Galleria is locally owned and operated. Our luxury salon suites start at $75 per week, and included in that rental price is a bevy of free amenities. Call us today and arrange to speak to a leasing agent. It just might be the most important phone call you will ever make.