If you are a hair stylist, at some point in your career you will wonder if you can afford to own a hair studio.
It’s only natural that you think about it. Every talented beautician dreams of owning a hair salon, right? And, if we are being completely honest, the first roadblock to that dream happening is the belief, whether valid or not, that you cannot afford to quit a sure-thing job, working in a beauty salon owned by someone else, and taking on the risk of an uncertain future alone.
Let’s take an insider’s look at this question. We are Salon & Spa Galleria, and we have twenty-two salon suite rental locations in the Greater Fort Worth area, so we know a thing or two about this industry. Our suggestion is this: read this article and then call us at 817-917-1416 for more information on how you can afford to own a hair studio.
Our hair studio business model.
Here’s how it works at Salon & Spa Galleria.
You rent a salon suite from us, and that suite is the retail location of your business. Your business is not a franchise; it is not called Salon & Spa Galleria; we are simply leasing, to you, a retail location for a business which is 100% yours.
You pay your rent, which starts at $75 per week, you pay for insurance and a business license and any product you plan on selling, and basically we pay for everything else, included in the rent of $75 per week . . . utilities, WiFi, laundry, security monitoring, a web page, a free HDTV, and the full weight of our reputation behind you.
How much money can you make in a hair studio following our advice?
Remember, you keep 100% of the profits. Your earning potential depends upon your skill as a hair stylist, the marketing skills you possess, and your ability to work social media.
How much money can you earn? That depends entirely on you and how hard you work. Do the math yourself. Your average sale is what? $60? $75? If you see five customers per day, do the math. If you see ten customers per day, do the math. Subtract your rental expense, your insurance, and the cost of goods sold, and you will have some idea of the earnings you will have in one month, or six, or a year.
Just because you can does not mean you should.
This is an important point to make. Not everyone is cut out for owning a business like a hair salon. Some people do not handle the pressure of making important decisions. Some people do not handle well the structure and discipline which are necessary to run a business.
Are you cut out for it? We can’t answer that question but, if you are, this business model works.
A final word about Salon & Spa Galleria.
We know our business model works. We see it playing out in twenty-two locations, we’ve spoken daily with our clients at the twenty-two locations, and we’ve seen the rewards for their hard work and outstanding talent.
Will it work for you? Call us today and arrange for a tour. The magic of SAS is waiting for you.