Yes, it is possible to own a beauty salon business with very little investment, and in this article, we are going to tell you how that is possible, using our own salon suite rental agency, Salon & Spa Galleria, as a shining example. Call us at 972-691-7300 for more information on our twenty Fort Worth area locations.
The following information about a salon suite rental is based on how we do business at Salon & Spa Galleria. We cannot speak accurately about any of our Fort Worth competition.
The two main expenses when opening a beauty salon retail business
Let’s take a look at the traditional way one would open a beauty salon. They would go out and find a retail location for rent. Depending upon location and square-footage, that retail rental may cost between $1000-$3000 per month.
Next, management goes about renting or purchasing equipment and furnishings. They go about paying for signage. They contract with utilities, and they sign up for WiFi. If the stars are aligned perfectly, and the economy is forgiving, they might spend somewhere in the neighborhood of $7000-$10,000 before they even open their doors for business . . . and that may very well be a conservative estimate.
The bottom line is this: very few fledgling business owners in the beauty industry have that kind of start-up cash. Hence, we still have beauty salons open today, hiring talented beauticians to work for commissions. It is a business model which has been operating exactly the same way for over one-hundred years, and most likely those of you who are reading this article have worked for one of those traditional beauty salons.
The reality of a beauty salon business with Salon & Spa Galleria
But, we promised to tell you how to open your own business with very little investment, so that’s what we will now do.
Please compare that $75 per week rental fee, or $300 per month, to the $1000-$3000 figure we mentioned earlier in this article.
Now, what about the monthly overhead. Included in our salon space rental fee are utilities, WiFi, a free HDTV, furniture if needed, a web page, a press release, and your business name on our outside directory. Virtually all overhead is included in the salon room rental. You arrange for insurance, you pay for your business license, and you purchase whatever product you plan on selling from your business.
From your business . . . how does that sound to you? Your own business, where you keep 100% of the profits earned.
You are in no way contractually forced to stay with us
And there is no other obligation to us with this business model. If you discover, after a month or two, that being in business for yourself is not your gig, you simply move on. No worries on our end; we have no problem renting our luxury salon suites.
But, we would sure love to have you on our Salon & Spa Galleria team. We are always looking for talented professionals in the beauty industry.
A final word about Salon & Spa Galleria
We are locally owned and operated, and we currently have twenty locations for you to choose from in Tarrant County, with more in the planning stage. Call us today. That one phone call could be life-changing.