Can a salon suite rental set you on the road to financial independence?
That is what this article is all about. This is not some pie-in-the-sky claim. We are Salon & Spa Galleria, with twelve locations in the Fort Worth area, and we see financial independence happening each and every day with our clients.
And it can happen for you! If you are in the Fort Worth area, call us at 972-691-7300 for more information.
But now, let’s talk about how this financial independence can happen for you.
What is a salon suite rental?
A salon suite rental, or booth rental, or spa room rental, is a suite you rent, on a weekly or monthly basis, from which you operate your own business. It is the latest trend in the beauty and health industry, and it is a trend which is here to stay. Basically, talented nail specialist, hair stylists, massage therapists, etc., rent a salon suite, purchase a business license, decorate the salon suite to meet their needs, and open for business as a sole proprietorship.
The profits, after paying the overhead, are yours, 100% of the profits. The business decisions are yours to make and not made by the owner of some beauty salon. The marketing campaign is yours to design. You are running the show, and you rake in the profits, and the risk in such a scenario is very, very low.
How much does a salon suite cost you?
Using Salon & Spa Galleria as an example, a salon suite can be rented for around $100 per week for a basic unit. More luxurious, spacious units will go for more, of course. Utilities are included in that price, as is WiFi. Laundry facilities are on-site. Furniture is available if needed. A web page on our website is also included, and marketing and business workshops are offered for our clients.
Start-up costs include the price of a business license, any decorating expenses you incur, and the price of the initial inventory of any products you plan on selling from your salon suite. We have seen talented beauty professional start up their businesses for less than $500.
By now you should be very interested, especially if you have been working for commissions, in the past, in a beauty salon owned by someone else.
How long will it take to reach financial independence?
Unfortunately, it is impossible to answer this question. The answer depends upon your current financial situation, how much debt you have, that sort of thing. But do the math for yourself. If you have twenty clients in a week, at an average of $100 per visit, you will gross $2,000 for the week. Subtract the cost of the salon suite rental, and 100% of the remaining is yours to keep, or reinvest in the company, or whatever. At that rate, how long will it take YOU to reach financial independence?
A word about Salon & Spa Galleria
Twelve locations in the Fort Worth area with more in the planning stage. Our business actually expanded during the pandemic of 2020-2021. We are locally owned and operated, and we have the exact salon suite rental you need to make your dreams come true. Call us and arrange for a tour of our facilities, at which time we will answer all of your questions.